12-hour timeframe analysis
🔷 UFT/USDT Futures
🟩 CLEAR POSITION: SHORT (Confidence: 65%)
♻️ Recommended Leverage: 3x–6x
👉 Entry Zone: $0.3000 to $0.3050
🎯 Targets:
• T1: $0.2850 (-5%)
• T2: $0.2750 (-8.5%)
• T3: $0.2600 (-13%)
• T4: $0.2450 (-18%)
⛔ Stop Loss: $0.3100
IF STOP LOSS TRIGGERS:
• New Entry: $0.3200
• New Targets:
• T1: $0.3050 (-4.7%)
• T2: $0.2950 (-7.8%)
• T3: $0.2800 (-12.5%)
• T4: $0.2650 (-17.2%)
• New Stop Loss: $0.3300
Key Technical Indicators
1. RSI: Around 58, suggesting a neutral-bearish sentiment as RSI descends from overbought levels.
2. Bollinger Bands: The price is trading near the upper band but facing resistance at $0.3050, indicating limited upward momentum.
3. 200 EMA: The price remains below the 200 EMA on the 12-hour timeframe, reinforcing a bearish bias.
4. Volume: Recent volume spikes during selling phases suggest distribution, confirming potential downside pressure.
Market Analysis:
• UFT/USDT has shown bearish tendencies after a brief rally, currently retracing from a resistance zone around $0.3050.
• A bearish divergence is observed between price action and RSI, indicating weakening bullish momentum.
• On the 12-hour chart, the pair is forming a descending triangle, signaling further downside potential if support at $0.2850 is broken.
• The MACD histogram shows fading bullish momentum, and a bearish crossover is imminent.
Risk-Management Strategy:
• Maintain a strict stop loss at $0.3100 to minimize downside risk.
• Monitor price action at $0.2850, as a breakdown below this level could accelerate selling pressure.
• Adjust leverage and position size in response to market volatility.