๐ฅ$PTB strong bullish trend, but it's pulling back a bit after getting overbought โ classic correction mode. I'm cautiously bullish here โ best to wait for a pullback before jumping in.
On the volume side, those recent 1-hour candles are showing less action as it dips from the 24-hour high of 0.003517. That hints at buyers easing off for now. Still, the total 24-hour volume is solid, which keeps the overall uptrend looking healthy.
Looking at capital flows, we're seeing steady net outflows in contracts across different timeframes โ like -4,041,351 USDT in the last 24 hours. Feels like leveraged traders are cashing in profits, which makes sense with this short-term dip.
For entry longs๐ฅ$PTB : I'd eye a drop around 0.0030637 (that's Support) or near the Bollinger middle band at 0.0030758. If it smashes through 0.0034435 (Bollinger upper) on big volume, that could kick off fresh upside.
Set your stop-loss about 3% below your entry point โ say 0.0029800 if you get in at 0.0030700.
Aiming $PTB for a target of 0.0036107 (Resistance), which could net you 5-10% from that entry area.
Short-term, it's still overheated, so don't FOMO into the rally. If it cracks below Support at 0.0030637, maybe hold off for support at next support (0.0027433) or rethink the whole setup.
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