Trading Plan Short $ROBO
$ROBO just printed a huge upthrust, sweeping buy-side liquidity above the 1H upper Bollinger band.
Entry: $0.01490-$0.01535
Stoploss: $0.01630
Targets: $0.01400 / $0.01280 / $0.01150
ROBO's 1H candle wick blasted through the upper BB, classic distribution. RSI is 88, screaming overbought, and sellers are aggressive with a 0.77 taker buy/sell ratio. Smart money likely used this wick to offload into retail chasing the pump. OI is up 5.62% on the move, but basis is contracting, suggesting perp selling. A reclaim of $0.01630 voids the short thesis.
Trade $ROBO here 👇
$ROBO just printed a huge upthrust, sweeping buy-side liquidity above the 1H upper Bollinger band.
Entry: $0.01490-$0.01535
Stoploss: $0.01630
Targets: $0.01400 / $0.01280 / $0.01150
ROBO's 1H candle wick blasted through the upper BB, classic distribution. RSI is 88, screaming overbought, and sellers are aggressive with a 0.77 taker buy/sell ratio. Smart money likely used this wick to offload into retail chasing the pump. OI is up 5.62% on the move, but basis is contracting, suggesting perp selling. A reclaim of $0.01630 voids the short thesis.
Trade $ROBO here 👇