🚨Alert Trade Set up
Based on your chart for BROCCOLI714/USDT on the 1-hour timeframe, here's a short-term (1-2 hour) trade setup analysis using key technical indicators:
Current Price: 0.04118
Indicators Overview:
RSI(6): 95.17 — Extremely overbought, suggesting a possible short-term correction or pullback.
MACD: Bullish crossover with increasing histogram — supports recent momentum.
EMAs (7, 25, 99): Strong bullish alignment (EMA7 > EMA25 > EMA99), confirming uptrend.
Price Movement: Sharp spike from around 0.034 to 0.04118 — nearly 20% jump in a short time.
Trade Setup (Scalp or Quick Swing):
Direction: Short (counter-trend, risky)
Since RSI is extremely high (95+), a pullback is likely. But only enter a short if a bearish candle confirms.
Entry (Short): Around 0.04100 - 0.04120 after a bearish candle or reversal pattern (e.g., shooting star, bearish engulfing).
Stop Loss: Above 0.04200 (recent wick high) — tight in case of breakout continuation.
Take Profit:
TP1: 0.03880 (near EMA7)
TP2: 0.03700 (near EMA25 and recent support zone)
Alternate Setup: Long on Pullback (safer option)
Wait for price to retest support levels, then enter long.
Entry (Long): Around 0.03880 - 0.03750 (EMA7 or EMA25 bounce)
Stop Loss: Below 0.03650 (under EMA25 and wick zone)
Take Profit:
TP1: 0.04050
TP2: 0.04150 (previous high zone)
Reasons:
RSI > 90 is a strong warning of an overheated market.
EMAs confirm momentum, so a long on pullback is safer.
MACD supports momentum but may lag in signaling reversals.
High volume confirms strength but can also mark temporary peaks.
Trade with Click the chart below.👇👇