SHI$1000SHIB
perp is heavily overextended at +18% with RSI pushing 70. Price is far above MA25 (0.004688) – mean reversion is due. Volume lacks conviction for a breakout above 0.005100. Expect a drop toward MA25 support or lower as sellers step in.
Stop Loss: 0.005100 (above recent high)
Take Profit: 0.004650 (near MA25)
perp is heavily overextended at +18% with RSI pushing 70. Price is far above MA25 (0.004688) – mean reversion is due. Volume lacks conviction for a breakout above 0.005100. Expect a drop toward MA25 support or lower as sellers step in.
Stop Loss: 0.005100 (above recent high)
Take Profit: 0.004650 (near MA25)
