$RAD just went parabolic with a massive +55% pump, but that rejection wick at 0.436 is a clear warning sign! 🛑🕯️
Entry: 🎯 0.3500 - 0.3800
SL: 🛑 0.2800
TP: 💰 TP1: 0.4360 | TP2: 0.5000
$RAD printed a monstrous vertical pump from 0.26 straight to 0.436 in a single daily candle 📈. The price is currently miles above all moving averages (MA7 is at 0.293, while the price is 0.414!). This daily chart is severely overextended. Chasing a green candle this massive on a breakout is how you become exit liquidity. I'm waiting for a proper retest of the breakout zone before considering an entry. If it loses 0.28, the momentum is dead and it likely retraces fully.
Am I wrong? Tell me below 👇
#Rad #crypto
Entry: 🎯 0.3500 - 0.3800
SL: 🛑 0.2800
TP: 💰 TP1: 0.4360 | TP2: 0.5000
$RAD printed a monstrous vertical pump from 0.26 straight to 0.436 in a single daily candle 📈. The price is currently miles above all moving averages (MA7 is at 0.293, while the price is 0.414!). This daily chart is severely overextended. Chasing a green candle this massive on a breakout is how you become exit liquidity. I'm waiting for a proper retest of the breakout zone before considering an entry. If it loses 0.28, the momentum is dead and it likely retraces fully.
Am I wrong? Tell me below 👇
#Rad #crypto
