๐ฅ$US / USDT : Parabolic Impulse in 1H and Search for Consolidation After a High at $0.0305 ๐โก
Talus $US registers a considerable volume in the derivatives market with 29.26M USDT (1.23B US). After launching from the $0.017726 zone and starting a strong vertical bullish acceleration, the asset is trading at $0.028848 on the 1H timeframe, facing absorption wicks after reaching the 24h high at $0.030500.
๐ Technical Analysis & Key Levels (1H Chart):
โข Moving Averages: The price is trading far above the EMA 7 ($0.024823), while the EMA 25 ($0.022484) and the EMA 99 ($0.020021) are widely separated at the base of the move.
โข Immediate Resistance: $0.030500 (24h High). A confirmed breakout with a full candlestick body would open the target toward $0.031139.
โข Support to Defend: $0.024823 (EMA 7). In case of a pullback due to profit-taking, the intermediate zone is located at $0.022700 before the EMA 25 ($0.022484).
โข Indicators:
MACD: Maintains an aggressive bullish cross above zero with expanding green histogram (DIF: 0.001304 / DEA: 0.000686 / MACD: 0.000619).
KDJ: In extreme overbought readings (K: 85.12 / D: 77.26 / J: 100.83), suggesting volatility or a brief pause to cool down the oscillator.
๐ก Strategy & Risk:
โข Breakout (Long): A close of the 1H candle above $0.030500 would provide continuation to the impulsive extension.
โข Retest (Safer Long): Due to the distance from the moving averages, waiting for a healthy pullback toward the EMA 7 ($0.024800) would offer better risk management.
๐ What do you think about the move in Talus $US ? Will it break above $0.0305 to keep the rally going, or will it seek a retest toward the EMA 7 ? Comment below! ๐ฌ
#US #USUSDT #Talus #Futures #BinanceSquare #TechnicalAnalysis
Talus $US registers a considerable volume in the derivatives market with 29.26M USDT (1.23B US). After launching from the $0.017726 zone and starting a strong vertical bullish acceleration, the asset is trading at $0.028848 on the 1H timeframe, facing absorption wicks after reaching the 24h high at $0.030500.
๐ Technical Analysis & Key Levels (1H Chart):
โข Moving Averages: The price is trading far above the EMA 7 ($0.024823), while the EMA 25 ($0.022484) and the EMA 99 ($0.020021) are widely separated at the base of the move.
โข Immediate Resistance: $0.030500 (24h High). A confirmed breakout with a full candlestick body would open the target toward $0.031139.
โข Support to Defend: $0.024823 (EMA 7). In case of a pullback due to profit-taking, the intermediate zone is located at $0.022700 before the EMA 25 ($0.022484).
โข Indicators:
MACD: Maintains an aggressive bullish cross above zero with expanding green histogram (DIF: 0.001304 / DEA: 0.000686 / MACD: 0.000619).
KDJ: In extreme overbought readings (K: 85.12 / D: 77.26 / J: 100.83), suggesting volatility or a brief pause to cool down the oscillator.
๐ก Strategy & Risk:
โข Breakout (Long): A close of the 1H candle above $0.030500 would provide continuation to the impulsive extension.
โข Retest (Safer Long): Due to the distance from the moving averages, waiting for a healthy pullback toward the EMA 7 ($0.024800) would offer better risk management.
๐ What do you think about the move in Talus $US ? Will it break above $0.0305 to keep the rally going, or will it seek a retest toward the EMA 7 ? Comment below! ๐ฌ
#US #USUSDT #Talus #Futures #BinanceSquare #TechnicalAnalysis
