$TRUTH /USDT (perpetual futures on Binance) shows a sharp pullback after a strong run-up! 🚀
Current last price: 0.012093
24h change: -28.51%
24h high: 0.017075
24h low: 0.011522
Mark price around 0.012
The price has dumped hard from the recent peak near 0.01765, breaking below key EMAs (EMA8 ~0.01422, EMA13 ~0.01414, EMA21 ~0.01399) with a big red candle. Volume spiked on the downside, confirming the selling pressure. Stochastic is low (K~40, D~47, J~25), showing oversold territory, while RSI(6) at ~27 and RSI(14) at ~40 also scream oversold conditions after the drop.
This looks like a classic capitulation move in a volatile alt — often the setup for a strong bounce when momentum shifts! Bulls could defend the 0.0106–0.011 zone (recent support wick), setting up a reversal toward the broken EMAs and higher.
TRADE IDEA – SHORT-TERM LONG SETUP
Entry now or on confirmation above 0.0125
Take Profit 1: 0.01400 (first resistance + EMAs reclaim) ~+15%
Take Profit 2: 0.01600–0.01650 (push toward previous highs) ~+32–36%
Stop Loss: 0.01060 (below recent low wick) — invalidates if broken
Risk-reward looks solid on a bounce play — don't miss the potential reversal! DYOR & manage risk wisely. 📈💥
Trade $TRUTH /USDT Now! Follow & turn 🔔 on ✅ for more setups!
#TRUTHUSDT #TRUTH #BinanceFutures #CryptoTrading #Altcoin #Crypto #BinanceSquare #Memecoin #TradingSignals #BullishRebound