$OSMO Osmosis has surged 39.73%, but the supplied data indicates an RSI above 82 on the four-hour chart and trading beyond the upper Bollinger Band. Deeply negative funding suggests aggressive short positioning, creating the possibility of another squeeze. The setup is therefore not a straightforward bearish trade: an overextended market can remain elevated longer than expected.
📈 Bias: Neutral-Bearish, Overextended | 🎯 Entry: Short $0.0610–$0.0630 | 🛡 Support: $0.0520 / $0.0460 | 🚧 Resistance: $0.0640 / $0.0700 | 🎯 Targets: $0.0550 / $0.0500 / $0.0450 | ❌ Invalidation: $0.0665
Strategy: Consider a short only after evidence of rejection or momentum reversal near the entry zone. Keep risk tightly controlled because a short squeeze could invalidate the setup quickly.
#OSMO #Osmosis #CryptoTrading #TechnicalAnalysis #BinanceSquare
📈 Bias: Neutral-Bearish, Overextended | 🎯 Entry: Short $0.0610–$0.0630 | 🛡 Support: $0.0520 / $0.0460 | 🚧 Resistance: $0.0640 / $0.0700 | 🎯 Targets: $0.0550 / $0.0500 / $0.0450 | ❌ Invalidation: $0.0665
Strategy: Consider a short only after evidence of rejection or momentum reversal near the entry zone. Keep risk tightly controlled because a short squeeze could invalidate the setup quickly.
#OSMO #Osmosis #CryptoTrading #TechnicalAnalysis #BinanceSquare