$PTB
PTBUSDT – Catching Falling Knives 😤😤
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🎯 Preferred Setup: SHORT Retracement
• Entry (ET): 0.00425 – 0.00440
• TP1: 0.00400
• TP2: 0.00370
• TP3: 0.00330
• SL: 0.00465
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📊 Quick Analysis (one point per indicator, no rambling)
• EMA50 / EMA100:
Price is currently below EMA50 (1H) and being pressed down by EMA100 (4H) → retracement trend to short, not a safe bottom yet.
• RSI:
RSI 1H ~33–38 → not overly sold yet, still room to drop further if it breaks 0.0040.
• MACD:
1H MACD is negative, red histogram maintained → downward momentum still under control.
4H MACD is gradually weakening after the pump → distribution after a hot increase.
• Volume:
Volume dropped sharply after the dump candle from 0.0079 → money flow is withdrawing, retracing up is easily subject to further sell-off.
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🧠 Summary Assessment
• PTB has pumped excessively → strong sell-off, currently just sideways accumulation below resistance.
• 0.0044 – 0.0046 is a nice retracement zone to short.
• Only cancel the short setup if H1 closes the candle above 0.0047 with high volume.