**Bullish Surge, Overbought Warning 🚨**
The price of HUSDT has seen an impressive +50% surge in a remarkably short period.
However, the RSI on the 1H chart has reached an extreme overbought level near 97, indicating potential exhaustion.
**Short Setup 💸**
**Entry Zone:** Look for short entry opportunities between 0.1060 and 0.1085.
**Ideal Entry Point:** Consider entering a short position near the previous high at 0.1068.
**Risk Management 📊**
**Stop Loss:** Keep an eye on the price action above 0.1120.
**Invalidation Level:** If the price breaks and holds above this level, it cancels out the short idea.
**Profit Targets 🔁**
**TP1 (Base Reversion):** Aim for a target of 0.0980, which is the previous breakout base.
**TP2 (Support Zone):** Consider taking profit at 0.0900 EMA support zone level.
**TP3 (Mean Reversion):** Optimize profits with a full mean reversion at 0.0820 - 0.0800 if momentum reverses.
**Leverage 🔄**
For this fade trade, it's recommended to use low to medium leverage, capped at 5x - 10x max.
Please note: This is not investment advice.