$BANANA

can we take a short entry here?

Based on the chart, there are a few things to consider before deciding on a short entry:

Resistance Level: The price is currently around 44.65 USDT, near the previous high of 45.38 USDT, which suggests it is approaching resistance.

EMA Indicators: The price is trading above the 25-EMA (42.18 USDT), 9-EMA (43.22 USDT), and the 200-EMA (41.17 USDT), indicating a generally bullish trend.

MACD: The MACD histogram shows a positive trend, with the MACD line crossing above the signal line, which is typically a bullish signal.

RSI: The RSI is at 60.90, which is above 50 but not yet overbought. This suggests some bullish momentum but doesn't yet signal overbought conditions.

Considering these indicators, entering a short might be risky unless there's a clear sign of rejection at the resistance level (around 45.38–45.99 USDT). A more cautious approach would be to wait for a bearish reversal confirmation before shorting.$USTC $GLM #BinanceLaunchpoolHMSTR #EIGENonBinance #BTCPredictedNewATH #Write2Earn!