š$S/USDT POTENTIAL SHORT TRADE SIGNAL ā Initial Target $0.0539 š»
S/USDT is currently trading around $0.0556 and has recently touched the upper Bollinger Band (around $0.0596). The RSI (14) is at 68.37, indicating it's approaching overbought territory and showing signs of potential reversal. If the price fails to break above the upper Bollinger Band and starts to move downwards, breaking below the middle Bollinger Band (around $0.0536), a move towards the lower Bollinger Band becomes probable, with an initial target around $0.0539.
Trade Setup:
ā¢ Entry Zone: $0.0553 - $0.0558
ā¢ Initial Target (TP1): $0.0539 ā
ā¢ Potential Further Target (TP2): $0.0525 šÆ
ā¢ Stop-Loss: Above $0.0570 š
The bearish scenario is more likely if the price rejects the upper Bollinger Band and breaks below the middle band. Watch for increasing selling volume to support this potential short trade.
Disclaimer: DYOR and NFA
Trade and buy $S here
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