🔥 MOMENTUM ALERT: COOKIE NEARING LOCAL CEILING
Bears are locking eyes on a potential exhaustion reversal as $COOKIE touches multi-hour highs near 0.01255. The rapid vertical pump is starting to display signs of stalling right below heavy resistance.
📉 Bearish Attack Strategy: COOKIE/USDT (Short)
• Distribution Band: 0.01240 – 0.01255
• Risk Boundary (SL): 0.01290
• Downside Objective 1: 0.01200
• Downside Objective 2: 0.01174
• Downside Objective 3: 0.01147
🔍 Indicator Breakdown:
Hourly candlesticks are stretching far above the MA(7) [0.01220] curve, indicating an overextended move that begs for a mean-reversion pull. Volume velocity is beginning to flatten out, pointing toward an incoming liquidity grab by short sellers.
💬 What’s your game plan? Are you shorting this peak or staying on the sidelines? Let's discuss below! 👇#SOLJumps20%OnTheWeek #WarshSaysInflationIsFedTopFocus #FedSeptRateHikeOddsRiseTo57% #TrumpSaysUSReachedVenezuelaOilDeal #SchwabPlansToAddSOLAVAXLINKTrading $COOKIE
Bears are locking eyes on a potential exhaustion reversal as $COOKIE touches multi-hour highs near 0.01255. The rapid vertical pump is starting to display signs of stalling right below heavy resistance.
📉 Bearish Attack Strategy: COOKIE/USDT (Short)
• Distribution Band: 0.01240 – 0.01255
• Risk Boundary (SL): 0.01290
• Downside Objective 1: 0.01200
• Downside Objective 2: 0.01174
• Downside Objective 3: 0.01147
🔍 Indicator Breakdown:
Hourly candlesticks are stretching far above the MA(7) [0.01220] curve, indicating an overextended move that begs for a mean-reversion pull. Volume velocity is beginning to flatten out, pointing toward an incoming liquidity grab by short sellers.
💬 What’s your game plan? Are you shorting this peak or staying on the sidelines? Let's discuss below! 👇#SOLJumps20%OnTheWeek #WarshSaysInflationIsFedTopFocus #FedSeptRateHikeOddsRiseTo57% #TrumpSaysUSReachedVenezuelaOilDeal #SchwabPlansToAddSOLAVAXLINKTrading $COOKIE