3 overbought coins I'm watching for a short #龙虾 #AKE #SYN
$龙虾 : up 28%, RSI 84. That's extreme. Pumped straight to 0.236 and now losing steam. Short setup for me. Target 0.20/0.15.
$AKE : rejected from 0.0448 high, now sitting at 0.0265. RSI 71. It can dump to 0.023/0.020 if it breaks EMA7.
$SYN : up 150% today, RSI 96. That's cooked. Straight vertical pump, no pullback yet. When it starts dumping, it will be nasty. Target 0.11/0.083. dca till 0.221
All three are extremely overbought. I'm shorting each with DCA.
Plan: First TP at 10%. Second TP at 20% 3ed tp 40%+ and set sl at entry. Normally SL at 10%. Simple.
anyway manage your risk and positions.... best of luck.
#CryptoDropbit
$龙虾 : up 28%, RSI 84. That's extreme. Pumped straight to 0.236 and now losing steam. Short setup for me. Target 0.20/0.15.
$AKE : rejected from 0.0448 high, now sitting at 0.0265. RSI 71. It can dump to 0.023/0.020 if it breaks EMA7.
$SYN : up 150% today, RSI 96. That's cooked. Straight vertical pump, no pullback yet. When it starts dumping, it will be nasty. Target 0.11/0.083. dca till 0.221
All three are extremely overbought. I'm shorting each with DCA.
Plan: First TP at 10%. Second TP at 20% 3ed tp 40%+ and set sl at entry. Normally SL at 10%. Simple.
anyway manage your risk and positions.... best of luck.
#CryptoDropbit
