SHORT $ONE | The invalidation level is quite far from the price
๐จ AI TRADE ALERT โ $ONE
๐ด SHORT
๐ Entry: 0.001647 โ 0.001652
๐ Stop Loss: 0.001754
๐ฏ Take Profit: 0.001336
โฐ Valid for: 6 hours (17:35 โ 23:35 VN) - Date: 13/10
๐ DOWNTREND โ SHORT in line with the downtrend
$ONE is being monitored by Scanner Pro for a SHORT scenario, as selling pressure remains clear and the price is near the bottom of its 24h range. The market is classified as trend_down with a classification confidence of 85, 24h volume of approximately 23,788,002 in the quote asset, and a volume spike of 0.91x.
๐ WHAT'S HAPPENING
The price is currently at 8% of its 24h range, meaning it is near the low โ consistent with clear selling pressure. The 24h range is 19.2%, wide enough for intraday fluctuations.
Funding is 0.0050%: LONG traders are paying SHORT traders, meaning the crowd is leaning against this signal. The 1h momentum indicator at 27.56 is deep in oversold territory.
โ ๏ธ RISKS TO KNOW โ $ONE
๐ซ Biggest downside: the price is already near the low of its 24h range, so there is less room for further declines and the likelihood of a technical rebound is increasing. This is a risk to the SHORT scenario, not a supporting factor.
If the price closes above the stop-loss level on the signal card, the current SHORT scenario is no longer valid.
Do you think there is still more room to fall, or is this just one last sweep before a rebound?
This technical analysis is for educational purposes only and is not investment advice. Cryptocurrency trading involves high risk, and you could lose all your capital. Do your own research and take responsibility for your decisions.
#Binance #Crypto #Futures
๐จ AI TRADE ALERT โ $ONE
๐ด SHORT
๐ Entry: 0.001647 โ 0.001652
๐ Stop Loss: 0.001754
๐ฏ Take Profit: 0.001336
โฐ Valid for: 6 hours (17:35 โ 23:35 VN) - Date: 13/10
๐ DOWNTREND โ SHORT in line with the downtrend
$ONE is being monitored by Scanner Pro for a SHORT scenario, as selling pressure remains clear and the price is near the bottom of its 24h range. The market is classified as trend_down with a classification confidence of 85, 24h volume of approximately 23,788,002 in the quote asset, and a volume spike of 0.91x.
๐ WHAT'S HAPPENING
The price is currently at 8% of its 24h range, meaning it is near the low โ consistent with clear selling pressure. The 24h range is 19.2%, wide enough for intraday fluctuations.
Funding is 0.0050%: LONG traders are paying SHORT traders, meaning the crowd is leaning against this signal. The 1h momentum indicator at 27.56 is deep in oversold territory.
โ ๏ธ RISKS TO KNOW โ $ONE
๐ซ Biggest downside: the price is already near the low of its 24h range, so there is less room for further declines and the likelihood of a technical rebound is increasing. This is a risk to the SHORT scenario, not a supporting factor.
If the price closes above the stop-loss level on the signal card, the current SHORT scenario is no longer valid.
Do you think there is still more room to fall, or is this just one last sweep before a rebound?
This technical analysis is for educational purposes only and is not investment advice. Cryptocurrency trading involves high risk, and you could lose all your capital. Do your own research and take responsibility for your decisions.
#Binance #Crypto #Futures