$PLUME: Distribution Phase Ends: Downside Target Zone Set
SHORT SETUP PLUME
Entry: $0.01855 - $0.01859
Stop Loss: $0.01924
Take Profit: $0.01723 (2R)
Key Levels: Support $0.01826 | Resistance $0.01924
Technical Analysis for $PLUME: Price sits below EMA9, EMA21, EMA50 and EMA200, confirming a bearish trend. MACD is negative and under its signal line, while RSI at 35.6 and Stochastic K/D below 20 indicate weakening momentum. Orderbook shows a modest bidside imbalance, but overall indicators favor a short move toward the 1hour support at 0.01826.
Market Context: BTC is in a bearish 4hour trend and 24hour price is down 0.5 %. Overall market breadth is broadly negative with 83.8
SHORT $PLUME
SHORT SETUP PLUME
Entry: $0.01855 - $0.01859
Stop Loss: $0.01924
Take Profit: $0.01723 (2R)
Key Levels: Support $0.01826 | Resistance $0.01924
Technical Analysis for $PLUME: Price sits below EMA9, EMA21, EMA50 and EMA200, confirming a bearish trend. MACD is negative and under its signal line, while RSI at 35.6 and Stochastic K/D below 20 indicate weakening momentum. Orderbook shows a modest bidside imbalance, but overall indicators favor a short move toward the 1hour support at 0.01826.
Market Context: BTC is in a bearish 4hour trend and 24hour price is down 0.5 %. Overall market breadth is broadly negative with 83.8
SHORT $PLUME