Overextended: Price is trading way above the 4H MA(7) at $1.48. A mean reversion back to the moving average is highly probable.
• Momentum Stalling: The Order Book is dead even (51% Bid / 48% Ask). The aggressive buying pressure that fueled this pump is starting to fade.
• The Elephant in the Room: We all know the #1 wallet holds 72% of the supply. They pumped it vertically to trap longs and exit liquidity. Once they stop buying, this will collapse.
🎯 My Trade Plan (Short):
• Entry Zone: $1.58 - 1.7850** (Tight stop, just above the recent wick high. If we break $1.80, the thesis is invalid and it's going to $2).
• Take Profit 1 (TP1): $1.4500 (Retest of the MA7)
• Take Profit 2 (TP2): $1.3200 (MA25 support)
• Take Profit 3 (TP3): $1.1000 (Full retrace of the V-shape pump)
#Btw
• Momentum Stalling: The Order Book is dead even (51% Bid / 48% Ask). The aggressive buying pressure that fueled this pump is starting to fade.
• The Elephant in the Room: We all know the #1 wallet holds 72% of the supply. They pumped it vertically to trap longs and exit liquidity. Once they stop buying, this will collapse.
🎯 My Trade Plan (Short):
• Entry Zone: $1.58 - 1.7850** (Tight stop, just above the recent wick high. If we break $1.80, the thesis is invalid and it's going to $2).
• Take Profit 1 (TP1): $1.4500 (Retest of the MA7)
• Take Profit 2 (TP2): $1.3200 (MA25 support)
• Take Profit 3 (TP3): $1.1000 (Full retrace of the V-shape pump)
#Btw