$SAFE latest market trends ๐
Long/Short: Bearish
Entry: 0.10489โ0.10673
Stop Loss: 0.11080
Targets: 0.10346/0.10141/0.09835
Analysis: Here I am again, slapping my thigh! The price action of SAFE is driving me to despair. The short-term EMA just sliced through the long-term EMA at 0.11, the MACD is locked in a death cross, and the RSI is sitting at 38.6โneither oversold nor bullish. You'd think it's oversold, but it hasn't hit 30, and if you expect a bounce, all indicators are pointing down. Just the other day, I was daydreaming about oscillating within a range to harvest some gains, and then BAM, a tiny bearish candle stripped me of my shorts. Right now, at 0.1055, it looks like itโs heading below 0.1, but I'm hesitant to chase it, fearing a false breakdown followed by a pullback. Letโs set the stop loss at 0.1108; if it breaks, Iโll just chalk it up to tuition fees, and if it holds, Iโll wait for the next wave of panic selling. Honestly, Iโve already slapped my thigh into a bone necrosis, so let the market play out; Iโm just going to lay low.
Risk Warning: Suggested stop loss level: 0.110800; please adjust your position size according to your risk preference
#SAFE
Long/Short: Bearish
Entry: 0.10489โ0.10673
Stop Loss: 0.11080
Targets: 0.10346/0.10141/0.09835
Analysis: Here I am again, slapping my thigh! The price action of SAFE is driving me to despair. The short-term EMA just sliced through the long-term EMA at 0.11, the MACD is locked in a death cross, and the RSI is sitting at 38.6โneither oversold nor bullish. You'd think it's oversold, but it hasn't hit 30, and if you expect a bounce, all indicators are pointing down. Just the other day, I was daydreaming about oscillating within a range to harvest some gains, and then BAM, a tiny bearish candle stripped me of my shorts. Right now, at 0.1055, it looks like itโs heading below 0.1, but I'm hesitant to chase it, fearing a false breakdown followed by a pullback. Letโs set the stop loss at 0.1108; if it breaks, Iโll just chalk it up to tuition fees, and if it holds, Iโll wait for the next wave of panic selling. Honestly, Iโve already slapped my thigh into a bone necrosis, so let the market play out; Iโm just going to lay low.
Risk Warning: Suggested stop loss level: 0.110800; please adjust your position size according to your risk preference
#SAFE