🔻 $SAPIEN 1h – Bearish Outlook – Short on Pullback
Price just exploded upward with extreme overbought RSI — momentum shows a high chance of correction before any continuation.
Key Levels & Signals:
• RSI(6) = 91 → overbought zone, correction likely
• Price rejected MA99 after the spike
• Candles forming long wicks → buying exhaustion
• Volume peaked sharply → often marks short-term top
• MACD positive but flattening → losing momentum
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🔹 Trading Plan (SHORT)
Entry: 0.159 → 0.1640
TP1 & TP2: 0.1510 / 0.1450
SL: 0.1688
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The spike into MA99 with RSI above 90 indicates exhaustion. Volume climax and weakening momentum suggest sellers may step in soon. Shorting the pullback into resistance offers the best risk–reward setup here.
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