📉 Setting up a SELL trade (SHORT) at $MUBARAK based on multi-desk analysis:
• Entry: 0.06273
• 🛡️ Stop Loss: 0.0652 (invalidated if resistance is broken and it stays above the upper Bollinger Band limit)
• 🎯 Targets: 0.059 | 0.0552 | 0.0507
• Risk-to-Reward Ratio (R:R): 3.05
💡 Collective outlook: The RSI indicator shows bullish exhaustion at 74.6, with clear dominance by sellers in the order book and a strong bid wall of 84.1M versus 14.8M for buy orders. Flows are balanced and the funding rate is stable at 0.0294%.
$BTC $ETH
⚠️ Trading involves high risk and capital management is essential.
#BinanceSquare #CryptoTrading #TechnicalAnalysis #WhaleAlert #Futures
⚠️ Capital management first. Not investment advice (DYOR).
• Entry: 0.06273
• 🛡️ Stop Loss: 0.0652 (invalidated if resistance is broken and it stays above the upper Bollinger Band limit)
• 🎯 Targets: 0.059 | 0.0552 | 0.0507
• Risk-to-Reward Ratio (R:R): 3.05
💡 Collective outlook: The RSI indicator shows bullish exhaustion at 74.6, with clear dominance by sellers in the order book and a strong bid wall of 84.1M versus 14.8M for buy orders. Flows are balanced and the funding rate is stable at 0.0294%.
$BTC $ETH
⚠️ Trading involves high risk and capital management is essential.
#BinanceSquare #CryptoTrading #TechnicalAnalysis #WhaleAlert #Futures
⚠️ Capital management first. Not investment advice (DYOR).