$TA +19% in 24h. Is it just me or does this look like exhaustion at the top? ๐
A 65% surge in 3 days put it up 19% on the day, so I took a closer look at the structure.
The break above 0.10865 was tiny (5.8%) and TA got rejected from 0.11493 straight away. That's not strength, that's buyers running out of steam.
My eyes are on 0.10058, the low of the earlier $TA pullback. A lot of stops are sitting there and price hasn't tested it yet. Above 0.11493 I'm out of this idea.
๐ My TA trade: short from 0.11306, stop at 0.1193, target 0.10058 (+11.0%, 1:2)
๐ 24h Vol: $34.5M | 24h Chg: +18.8% | Funding: +0.0807%
Am I wrong? Tell me why below ๐
Follow for daily chart breakdowns ๐
Not financial advice. Manage your risk.
#TA #Crypto #Trade
A 65% surge in 3 days put it up 19% on the day, so I took a closer look at the structure.
The break above 0.10865 was tiny (5.8%) and TA got rejected from 0.11493 straight away. That's not strength, that's buyers running out of steam.
My eyes are on 0.10058, the low of the earlier $TA pullback. A lot of stops are sitting there and price hasn't tested it yet. Above 0.11493 I'm out of this idea.
๐ My TA trade: short from 0.11306, stop at 0.1193, target 0.10058 (+11.0%, 1:2)
๐ 24h Vol: $34.5M | 24h Chg: +18.8% | Funding: +0.0807%
Am I wrong? Tell me why below ๐
Follow for daily chart breakdowns ๐
Not financial advice. Manage your risk.
#TA #Crypto #Trade
