🚨 $BOB USDT: Rejection Expected After 100% Pump! Preparing for a Short Position
Development:
$BOB has experienced a parabolic rise of over 100% in the last 24 hours, driving massive short-term volatility. This huge rally has pushed the price to critical resistance just below the All-Time High (ATH).
Technical Status & Threat:
Overbought RSI: Despite the rally's strength, the Relative Strength Index (RSI) is in the overbought zone. This suggests short-term momentum is exhausted and the probability of a serious retracement has increased significantly.
Critical Resistance: The price has reached a strong horizontal resistance level (around the $0.024 zone). A rejection from this area, combined with profit-taking, could trigger a sharp drop.
General Trend: Most technical indicators on higher timeframes (1D) still signal a selling bias.
📉 Trading Plan (SHORT Setup):
Entry: A clear rejection signal from the resistance around $0.024 (e.g., bearish candles on the 4-hour chart) should be awaited.
Take Profit 1 (TP1): $0.020 (Important Fibonacci and psychological support level).
Take Profit 2 (TP2): Potential for a 20-25% drop, depending on retracement severity (the $0.018 - $0.019 zone).
Stop-Loss: A 4-hour candle close above the $0.025 - $0.026 level (confirming a strong breakout past the ATH).
Discussion Question: Is this 100% pump a permanent trend change, or is it a perfect short opportunity for top hunters? What are your thoughts?
Not investment advice. Manage your risk as volatility is high.$BOB #SHORT📉