akmeemana vithanage

#Key Takeaways:

•
Immediate Overbought Condition: STOCHRSI at 83.97 and MASTOCHRSI at 80.23 suggest short-term overbought conditions.

•
Bollinger Band Interaction: Price is near the upper Bollinger Band (0.1766946) indicating potential resistance.

•
Current Price: Last price is 0.17237, with the index price at 0.17253.

#Trade Setup:

•
Entry & Exit:

•
Short entry possible near 0.1725-0.1727, considering the overbought RSI levels.

•
Price Targets:

•
TP1: 0.1660 (Middle Bollinger Band)

•
SL: 0.1770 (Slightly above the upper Bollinger Band).

#Forecast:

•
Immediate Bias: Short-term bearish due to overbought RSI and proximity to upper Bollinger Band.

•
Projected Movement: Expecting a pullback towards middle Bollinger Band.

#Indicators & Patterns:

•
STOCHRSI & MASTOCHRSI: Overbought, suggesting potential for downside movement.

•
Bollinger Bands: Price near upper band indicating resistance.

1. How does volume confirm or contradict the potential short setup?
2. What candlestick patterns are present at the high that might signal reversal?
3. What is the correlation between STOUSDT and BTC in the chart?
4. How the price moves if it crosses the Upper Bolling band.
5. What is the overall trend in a larger timeframe?

#2024withBinance 740days

#CFX_LONG $CFX 📚📚📚📚📚📚

$GALA

#PNUTsignal $PNUT tp 1

popcat analysis

bearish btc