🔥 TST/USDT — the market is overheated, preparing for a correction
Brief:
TST showed an impulsive growth of more than +10%, however, the current indicator values indicate clear overbought conditions. The likelihood of a corrective move in the near future is increasing.
📊 Key indicators:
Price: 0.01736
EMA(21): 0.01609
EMA(50): 0.01563 — price is significantly above the moving averages
RSI(14): 73.04 — overbought zone
Stochastic RSI: 95.41 — market overheating
The momentum is weakening, buyers are losing initiative — a classic point for fixation and pullback.
🎯 Trading plan:
Main scenario — SHORT for correction
Targets for decrease:
1️⃣ 0.01660 — first fixation zone (-4.4%)
2️⃣ 0.01600 — test EMA and local support (-7.8%)
3️⃣ 0.01550 — deep correction to EMA(50) (-10%)
📍 Entry points:
Conservatively: short from 0.01710 after confirmation
Aggressively: short on impulsive breakout at 0.01720
🛑 Stop-loss: 0.01780 — above the local high
🧠 Conclusion:
TST looks overheated, and the current market structure is more conducive to a correction than a continuation of growth. We work carefully, strictly following stop-losses and monitor the price reaction at EMA.
Spot trading 👉$TST
Futures 👇
