๐ข
$UB / $USDT | ๐ด SHORT | โญ 71.7%
๐ฏ Target: $0.11281. Is it still falling?
๐ฏ Trade Levels:
๐ข Entry: $0.11556
๐ Stop Loss: $0.11721
๐ TP1: $0.11281
๐ TP2: $0.11226
๐ TP3: $0.11116
๐ Analysis:
The market structure of
$UB shows a fully bearish alignment across multiple timeframes, confirmed by a verified head-and-shoulders pattern that nullifies the prior bullish intent of the double bottom. The ADX at 22.48 indicates a bearish trend forming, while the MACD with a bearish crossover and the 20/50 EMAs in a sell position confirm the weakness of the current impulse. Volume reflects absorption of supply and an OBV (On-Balance Volume) trending downward, suggesting a high probability of continuation toward the bearish target.
โ๏ธ Risk/Reward: 1:1.67
โฑ๏ธ Timeframe: 1h
๐ Technical Confidence: 4/5
The invalidation level is at the stop loss above the EMA50, an area where the bearish thesis would lose strength. Operational confirmation requires keeping the price below the entry zone with consistent selling volume to validate the break of the local structure.
Do you think the current volume is enough to break the immediate technical support?
๐ก This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #UB #trading #Futures #Bearish