๐ $YALA โ Strong Pump but Overextended, Caution on Chasing Highs
Price has launched vertically from 0.025 to 0.038 with heavy volume, but RSI is extremely overbought โ signalling high risk of a local cooldown before any continuation.
โข Key Levels: Resistance at 0.03800โ0.03870 just rejected. Nearest support is 0.03320โ0.03400.
โข Indicators: All RSI frames above 80 show clear overextension; MACD still rising but stretched; volume spike suggests a possible blow-off move.
โข Outlook: A controlled pullback into support is needed before considering further upside. Current area is risky for fresh LONG entries.
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๐ Trading Plan (SHORT โ counter-trend scalp only):
โข Entry: 0.03580 โ 0.03650
โข Stop Loss (SL): 0.03830
โข Take Profit (TP): 0.03380 and 0.03270
๐ Follow for more setups ๐
