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$SAGA update
đ„ Resistance Area: The price recently hit resistance around 2.66 and has pulled back. This could indicate a rejection, but it would be important to confirm if the price is starting a downtrend.
đ„ Moving Averages: The price is above the EMA (25), EMA (9), and EMA (200), suggesting an uptrend. Shorting while the price is above these levels might be risky unless there is a strong reversal signal.
đ„ RSI (Relative Strength Index): The RSI is at 64.37, which is close to overbought levels but not excessively high. However, it shows some signs of cooling off, which might suggest potential for a short, but itâs not a strong signal on its own.
đ„ Stochastic (K/D lines): The Stochastic is showing some potential for a bearish crossover, but the lines are not clearly crossing yet. If they do cross, this could be a sign of a short-term downward move.
đ„ Summary: It's worth considering a short if the price continues to reject the resistance zone and if there are additional confirmations (like bearish candlestick patterns or stronger Stochastic cross). However, since the overall trend is bullish, be cautious and perhaps wait for more confluence or set a tight stop-loss.#DODOEmpowersMemeIssuance #CATIonBinance #BTCReboundsAfterFOMC #FOMC $SLF $BTC
