$O : Ready for Shorts on maximum exhaustion.
The asset shows clear exhaustion after touching the maximum of 0.5522, with the 15m chart forming a bearish consolidation below the MA7. With the RSI cooling and elevated funding rates at +0.0471%, the risk of a mean-reversion move (MA25) at 0.5278 is high.
Entry: 0.5356 – 0.5474
Stop Loss: 0.5748
TP1: 0.5009
TP2: 0.4684
Click here to trade 👇
The asset shows clear exhaustion after touching the maximum of 0.5522, with the 15m chart forming a bearish consolidation below the MA7. With the RSI cooling and elevated funding rates at +0.0471%, the risk of a mean-reversion move (MA25) at 0.5278 is high.
Entry: 0.5356 – 0.5474
Stop Loss: 0.5748
TP1: 0.5009
TP2: 0.4684
Click here to trade 👇