I am monitoring $ROBO , which is currently quite volatile in the 1H timeframe. After pumping up to the 0.04362 area, it now looks like there is a signal for a brief "rest". Stochastic RSI Overbought

If we look at the Stochastic RSI indicator on the 1H chart, the number is already in the 75-86 range. The momentum line has also made a bearish cross (cutting downwards). Technically, this is a signal that buying pressure is starting to decrease and prices need to "take a breather" first.

Trade plan :

Sell/Short

Entry : 0.04000 - 0.04300

TP1 : 0.04185 -> MA(10) area. Conservative target to secure initial profits.

TP2 : 0.04088 -> Previous horizontal support. Target if the correction deepens.

SL : 0.04385 -> Slightly above the last high (0.04362). If this is broken, the bearish structure is invalidated.

Remember, $ROBO has high volatility. Always use strict risk management and don't go all-in!

Trade $ROBO 👇👇

ROBO
ROBOUSDT
0.01873
-1.52%