Sellers are stepping in as momentum cools down from the local peak—looking closely at a potential correction phase! ⚡
$BLUAI / USDT – SHORT SETUP
Execution Plan:
Entry Zone: 0.01270 – 0.01295
Invalidation / SL: 0.01360
Target 1: 0.01245
Target 2: 0.01200
Target 3: 0.01165
Market Insights:
- Upper Wick Rejection: Price attempted a push toward the highs but faced immediate selling pressure near 0.01351, leaving a distinct rejection shadow.
- Moving Average Cross: The 1H candles have slipped right below the MA(7) [0.012790] line, signaling that short-term control is shifting back to the bears.
- Volume Fade: Following the impulsive green volume candles, activity has quieted down significantly, pointing toward an exhaustion pullback.
Discussion:
Are you taking this short to retest the 0.0120 floor, or do you think another leg up is coming? Drop your perspective below! 👇#CaliforniaBillWouldBarOfficialMemeCoins #SOLJumps20%OnTheWeek #WarshSaysInflationIsFedTopFocus #FedSeptRateHikeOddsRiseTo57% #TrumpSaysUSReachedVenezuelaOilDeal $BLUAI
$BLUAI / USDT – SHORT SETUP
Execution Plan:
Entry Zone: 0.01270 – 0.01295
Invalidation / SL: 0.01360
Target 1: 0.01245
Target 2: 0.01200
Target 3: 0.01165
Market Insights:
- Upper Wick Rejection: Price attempted a push toward the highs but faced immediate selling pressure near 0.01351, leaving a distinct rejection shadow.
- Moving Average Cross: The 1H candles have slipped right below the MA(7) [0.012790] line, signaling that short-term control is shifting back to the bears.
- Volume Fade: Following the impulsive green volume candles, activity has quieted down significantly, pointing toward an exhaustion pullback.
Discussion:
Are you taking this short to retest the 0.0120 floor, or do you think another leg up is coming? Drop your perspective below! 👇#CaliforniaBillWouldBarOfficialMemeCoins #SOLJumps20%OnTheWeek #WarshSaysInflationIsFedTopFocus #FedSeptRateHikeOddsRiseTo57% #TrumpSaysUSReachedVenezuelaOilDeal $BLUAI