$SUPER โ Bearish Pullback After Spike
#SUPERUSDT โ Bearish Pullback After Spike
After a sharp bullish impulse toward 0.1508, SUPER/USDT formed a rejection wick and started printing lower highs on the 15-minute chart. The momentum spike looks exhausted, and price is now consolidating near 0.1332.
Step-by-Step Analysis
1๏ธโฃ Price Action
Strong breakout candle followed by rejection near 0.1508
Series of small red candles forming distribution
Market losing bullish momentum
2๏ธโฃ RSI (6)
RSI around 46
Falling from overbought zone
Indicates weakening buying pressure
3๏ธโฃ MACD
Histogram shrinking
Possible bearish crossover forming
Momentum shifting downward
4๏ธโฃ Volume
Huge volume spike on breakout
Decreasing volume afterward โ classic pump and dump structure
๐ฏ Trade Plan (Short Bias)
Entry Zone: 0.132 โ 0.134
Stop Loss: 0.141 (Above recent lower high)
Take Profit 1: 0.127
Take Profit 2: 0.122
Extended TP: 0.118
๐ RiskโReward Ratio: Approx 1:2 or better
Conclusion:
Unless price reclaims 0.140 with strong volume, bias remains bearish. Selling rallies is safer than chasing longs.
#Super #TradeCryptosOnX #CPIWatch #Binance