Technical & Quant Analysis $SOON :
📉 Proposed entry point for selling: 0.408
🛡️ Stop loss: 0.4243
🎯 Targets: 1) 0.3835 | 2) 0.359 | 3) 0.3297
Risk-to-reward ratio R:R = 3.01 | Invalidation conditions: a clear breakout above the resistance level with continued bullish Supertrend momentum.
💡 Collective outlook: The RSI is at 69.8 along with a high funding rate of 0.1270%, indicating buying saturation and expensive funding costs for long positions with Long Squeeze risk. Meanwhile, there is a sell wall at resistance 0.4087 versus bids of 11.65 million.
⚠️ Disclaimer: Trading involves high risk and may result in loss of capital. Proceed with caution.
$BTC $ETH #BinanceSquare #CryptoTrading #TechnicalAnalysis #WhaleAlert #TradingSignals
⚠️ Manage capital first. Not investment advice (DYOR).
📉 Proposed entry point for selling: 0.408
🛡️ Stop loss: 0.4243
🎯 Targets: 1) 0.3835 | 2) 0.359 | 3) 0.3297
Risk-to-reward ratio R:R = 3.01 | Invalidation conditions: a clear breakout above the resistance level with continued bullish Supertrend momentum.
💡 Collective outlook: The RSI is at 69.8 along with a high funding rate of 0.1270%, indicating buying saturation and expensive funding costs for long positions with Long Squeeze risk. Meanwhile, there is a sell wall at resistance 0.4087 versus bids of 11.65 million.
⚠️ Disclaimer: Trading involves high risk and may result in loss of capital. Proceed with caution.
$BTC $ETH #BinanceSquare #CryptoTrading #TechnicalAnalysis #WhaleAlert #TradingSignals
⚠️ Manage capital first. Not investment advice (DYOR).