🔥 $TA on a tear upward, but it's flashing some overbought signals that make me pause. Feels like it could keep running, yet I wouldn't be shocked if we see a pullback soon.
Volume-wise: Those recent 4-hour candles exploded 368M during the way above the usual 10-20M average. That's a solid sign of big players jumping in. Now though, volume's pulling back, which points to some consolidation kicking in.
On capital flows: Contracts are seeing steady outflows, like -690k USDT in the last 8 hours and -898k over 24 hours. Kinda weird since the price is rallying—makes me think smart money might be cashing out quietly. Spot side's a bit mixed, with a small negative dip (-1.3k in 24H), but the weekly inflows are positive at +314k, so not all doom and gloom.
Price action breakdown $TA : The K-lines are showing a clear breakout upward pattern, backed by that massive volume (368 million), setting up a strong structure. Price is now building a new support base around 0.025, but those upper shadows on the 4H chart scream profit-taking pressure from sellers.
My trading call $TA : Going cautious long here, but with super tight risk controls—don't wanna get burned.
Entries: I'd wait for a dip back to 0.0238-0.0242, where it lines up with the MA5. If you're feeling aggressive, jump in at current levels, but that's riskier with a close stop.
Stop-loss: About 3.5% below your entry, say around 0.0240
Targets: First up, 0.0275 for a nice 10.4% gain, then if it keeps momentum, stretch to 0.0294
That RSI divergence combined with the contract outflows has me worried about a flip to the downside.
#ta #TAUSDT #TrustaAI