Headline: 🚨 $BULLA /TetherUS Short Alert: Weak High Rejected! 🚨
Market Update
$BULLA has had an incredible parabolic run, but it seems to have finally found its limit. A clear rejection at a critical level has set up a massive short opportunity.
Technical Analysis:
Weak High: The top area at $0.018826 is marked on the chart as a "Weak High." As predicted, the price failed to break it decisively and is now pulling back.
Overextended: The gap between the price and the blue/orange moving averages (our exponential and simple averages) is huge. Price action often reverses to touch these lines.
Structure Shift: After several consecutive "BOS" (Break of Structure) points, we are now seeing the first red candle body close lower than the previous green candle body on this timeframe, signaling a shift in momentum.
Trade Details (Short/Sell):
📉 Entry Zone: $0.018800 - $0.017500 (Aggressive Short here)
🎯 Target 1: $0.013795 (Our Blue Moving Average/Key Support)
🎯 Target 2: $0.011000 (Major psychological support)
🛑 Stop Loss: $0.020500 (To allow for a false break of the high)
My Take:
The "Weak High" has held, and now the price needs to correct its overextended move. Hitting Target 1 seems very likely as the first check-point. Always use proper risk management! This is a correction trade.
What do you think? Drop it or pump it again? 👇
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