$BROCCOLI714 Based on the provided chart data for BROCCOL1714/USDT, here’s a short-term technical analysis and suggested take profit/stop loss levels if considering a long position.
📈 Potential Long Entry (if bullish momentum returns)
· Entry Zone: $0.0250–$0.0252 (near current price) · Stop Loss (SL): Below recent low → $0.0240 (below 24h low $0.02432) · Risk: ~4–5% from entry · Take Profit (TP): 1. TP1: $0.0265 (near EMA 50) 2. TP2: $0.0275 (near EMA 99/200) 3. TP3: $0.0285 (24h high area)
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⚠️ Risk Notes
· Price is below key EMAs (50, 99, 200) → overall trend is bearish short-term. · Volume is decent but decreasing recently (MA(5) > current Vol). · RSI suggests neither strongly overbought nor oversold on the 6-period, but 12/24-period RSI is below 40 → room for upside if momentum shifts. · Watch $0.02432 (24h low) as critical support. If lost, next support may Always confirm with real-time price action and market news before entering.
$PLAY Based on this updated chart, the risk of a bull trap is high for entering a new long position at current levels. Here’s why:
Warning Signs of a Trap:
1. Extreme Overbought RSI · RSI(6) = 81.85, RSI(12) = 81.42 · These are deep into overbought territory (>80). Historically, such readings often precede sharp pullbacks. 2. Price Near 24h High Resistance · Price is at $0.0626, just below the 24h high of $0.06988. · Strong resistance ahead; buyers may struggle to push higher without cooling off first. 3. Volume Declining · Current volume (281M) is well below the MA(5) volume average (425M). · This suggests the rally is losing momentum and may not be sustained. 4. Large Gap Above EMAs · Price is far above EMA(50) at $0.04494. · Such a wide gap often leads to a mean reversion pullback toward moving averages.
Potential Bull Trap Scenario:
If you enter long here, price could:
· Briefly spike toward $0.06988 (luring in more buyers), · Then reverse sharply down toward $0.055–0.045 (trapping longs), · As profit-taking kicks in and overbought conditions correct.
Safer Approach:
· Wait for a pullback toward $0.058–0.055 (initial support) or $0.045 (EMA 50) for a better risk/reward long entry. · Watch for RSI cooling below 70 and volume confirming renewed buying on a dip. · Set tight stop-loss if attempting a short-term long now, below $0.06200.
Conclusion:
Yes — entering a long position here carries significant risk of being caught in a short-term trap. The chart shows an overheated pump that is statistically due for a correction.
$RIVER Strong Uptrend, Extremely Overbought RIVER/USDT has surged +26% to $21.04, breaking well above all key EMAs (50, 99, 200). The trend is strongly bullish, but the RSI(6) at 81.6 indicates extreme overbought conditions on a short-term basis.
Approaching Resistance, Momentum High Price is nearing the 24-hour high resistance at $21.94. While the MACD is positive and volume is notable, the extremely high RSI suggests the move is overextended and a pullback is probable in the near term.
Key Levels to Watch
· Resistance: $21.94 (24h High) · Pullback Support 1: $18.50 - $19.00 (Near prior breakout & EMA confluence) · Pullback Support 2: $15.60 (EMA 50)
Outlook: Expect a rejection or consolidation near the $21.94 high, followed by a likely retracement toward the $18.50-$19.00 zone to cool off momentum before any potential continuation upward.
$PLAY Based on the current chart data, here is the technical analysis with specific pullback points highlighted.
Current Trend & Momentum PLAY/USDT is in a strong uptrend, trading at $0.06132, up over 50% on the day. The price is well above all key Exponential Moving Averages (EMA 50, 99, 200), confirming a bullish market structure. However, the RSI on multiple timeframes (6, 12, 24) is deeply in overbought territory above 73, signaling the rally is overextended and a corrective pullback is increasingly likely.
Key Levels & Pullback Points The immediate resistance is the 24-hour high at $0.06988. Given the overbought conditions, a rejection here is probable. The primary pullback targets for potential long entries or support are:
1. First Support (Shallow Pullback): $0.058 - $0.055 · This zone represents the nearest significant support and a healthy first level for the price to cool off. 2. Second Support (Deeper Correction): $0.045 - $0.0449 · This is the confluence area of the 24-hour low and the rising EMA(50). A retest here would be a classic "bull market pullback" to the dynamic trend support. 3. Major Support (Trend Test): ~$0.0420 · This is the level of the EMA(200). A drop to this point would indicate a much deeper correction but would be the ultimate test of the bullish trend's strength.
Conclusion & Outlook While the trend is decisively up, the overbought momentum and fading volume suggest a pullback is imminent. Traders should watch for a reversal from the $0.06988 resistance. The most probable path is a decline toward the $0.058 - $0.055 zone. Aggressive bulls may look for entries there, while a break below $0.0449 would invalidate the immediate bullish structure and target $0.0420.
$TRUTH is showing strong resilience, rejecting near 0.0113–0.0114 multiple times. This indicates accumulation and potential breakout above key EMAs. A sustained move above this zone could trigger a significant upward move. Watch for volume confirmation.
Same happend to me last might instead of short i pressed long and mu balance reduced
Blockchain stocks
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“Believe it or not 😑😂 I was going to open a lounge at $RIVER while I was at the café… And suddenly… I pressed shorts instead of the lounge 😆 Lessons learned: Don't trade while you're drinking your coffee ☕🚀 Who else has had this happen? 👀👇”
Every after few hrs there is a new stories sometime short signal sometime long signal both are confused
BlockchainBaller
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$TRUTH Bottom Forming, Recovery Play....
After a heavy dump, price is stabilizing near support and showing early signs of a bounce. This looks like accumulation before the next move, not panic selling.
Entry: 0.0098 – 0.0102 SL: 0.0090
Targets: TP1: 0.0115 TP2: 0.0130 TP3: 0.0150
Above 0.0095, structure stays bullish. Patience is key here.
$TRUTH is waking up after a savage dip! 💥 Price has established a solid base near the bottom and is now flashing early reversal signals with those beautiful higher lows on the charts.
Smart money is quietly accumulating, and momentum is building. As long as we defend that key support, a strong move higher is very possible. This is a zone for patience, but the potential reward could be massive. Remember to manage your risk and avoid excessive leverage. Sometimes, the biggest gains come right after everyone else is fearful. 📈
$TRUTH Current market analysis indicates a strong bullish reversal movement is likely to occur. Entry price 0.009772$ TP 0.0015000$ > TP 0.0018064$ SL 0.006087$ 🔥 Lev 15x
$TRUTH OPEN THE LONG ENTRY NOW 👇 {future}(TRUTHUSDT)