$TST – Vertical pump hitting resistance, reversal incoming?
Trading Plan: Short $TST
Entry: 0.01410 – 0.01450
SL: 0.01580
TP 1: 0.01320
TP 2: 0.01210
TP 3: 0.01080
Analysis:
The price has seen a massive vertical rally, but the long upper wick on the recent 4H candle suggests that sellers are aggressively stepping in near the local top. The RSI (6) is sitting at a very high 80.48, indicating the asset is heavily overbought and due for a cool-down.
Additionally, the depth chart shows a significant "wall" of sell orders (Ask side) building up, which could limit further upside. When a "Meme" category coin pumps this fast without solid consolidation, it often results in a sharp retracement to retest previous support levels. Expect a pullback toward the 0.0108 zone as the initial hype fades.
Trade $TST here 👇