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James - Pump Trading
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Bärisch$TURBO Short Position
Entry Zone: 0.00178 - 0.00180
Stop Loss: 0.00196
Take Profit Targets:
∙ TP1: 0.00168
∙ TP2: 0.00165
∙ TP3: 0.00159
Bearish reasoning:
We’ve got a textbook rejection happening right at the 0.00183 level after a quick pump on the 4H timeframe. Price is now sitting just below the MA(7) and struggling to reclaim it, which tells me the bulls are losing steam fast. The volume spike during the pump has completely dried up, and now we’re seeing distribution at these levels.
What really stands out is the longer-term trend showing absolute destruction across the board. Down 29% over 30 days, 53% over 90 days, and a nasty 80% over the past year. This recent bounce looks more like a relief rally than any real reversal attempt. The MA(99) at 0.00171 is sitting right below us, and once that breaks, we could see acceleration to the downside pretty quickly.
The risk/reward is solid here with a tight stop above the recent high. Expecting this to roll over and test lower support zones as selling pressure continues.
{future}(TURBOUSDT)
Entry Zone: 0.00178 - 0.00180
Stop Loss: 0.00196
Take Profit Targets:
∙ TP1: 0.00168
∙ TP2: 0.00165
∙ TP3: 0.00159
Bearish reasoning:
We’ve got a textbook rejection happening right at the 0.00183 level after a quick pump on the 4H timeframe. Price is now sitting just below the MA(7) and struggling to reclaim it, which tells me the bulls are losing steam fast. The volume spike during the pump has completely dried up, and now we’re seeing distribution at these levels.
What really stands out is the longer-term trend showing absolute destruction across the board. Down 29% over 30 days, 53% over 90 days, and a nasty 80% over the past year. This recent bounce looks more like a relief rally than any real reversal attempt. The MA(99) at 0.00171 is sitting right below us, and once that breaks, we could see acceleration to the downside pretty quickly.
The risk/reward is solid here with a tight stop above the recent high. Expecting this to roll over and test lower support zones as selling pressure continues.
{future}(TURBOUSDT)
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