SIGNAL: SHORT / SELL (1h Rejection Setup)
Entry Zone: 0.0710 - 0.0735
Take Profit (TP):
- TP1: 0.0680
- TP2: 0.0640
- TP3: 0.0590
Stop Loss (SL): 0.0815 (Strict)
Explanation:
On the 1-hour timeframe, TREE/USDT established a massive parabolic pump reaching a 24-hour high of 0.0800. However, it was immediately met with extreme selling pressure, resulting in a large rejection wick (shooting star candle). On a 1H chart, this type of rejection is a strong indicator of a trend reversal or a deep correction as buyers are exhausted and profit-taking accelerates. Entering on the current weakness or a minor relief bounce offers a high-probability scalp back to support.
Disclaimer:
Cryptocurrency trading is highly volatile and involves significant risk. This analysis is for educational purposes only. Always do your own research (DYOR) before taking any trade and strictly use a Stop Loss. I am not responsible for any financial losses.
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