šØ Bearish Reversal Alert: #1000SHIBUSDT Short Opportunity! šØ
š Why BEARISH?
1. Extreme Overbought Momentum:
- STOCHRSI at 98.78 (max overbought) + MA-STOCHRSI at 96.42 ā Exhaustion signal.
2. Selling Pressure & Divergence:
- OBV: -6.5B** despite price rise ā Smart money distribution.
- Volume below MA(5)/MA(10) ā Weak bullish conviction.
3. Crowded Longs Risk:
- 75% of accounts are LONG (L/S Ratio: 3.03) ā Prone to liquidation cascade.
4. Technical Resistance:
- Price rejected at Upper Bollinger Band (0.014062) ā Trading below Middle BB (0.013060).
- MACD near zero (0.000059) ā Losing bullish momentum.
5. Negative Sentiment:
- Funding Rate: -0.09% ā Shorts pay longs (bearish bias).
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#### šÆ Trade Setup
- Entry: 0.013000 - 0.013020 (Current resistance zone).
- Stop Loss: 0.013150 (Above Middle BB + buffer).
- Targets:
- TP1: 0.012800 (Near 24h low, 2:1 R/R).
- TP2: 0.012600 (Lower Bollinger Band).
- Exit if:
- STOCHRSI crosses below 80 OR price closes above Middle BB (0.013060).
#### ā ļø Key Risks
- Meme coin volatility ā Rapid pumps possible (use strict SL).
- RSI(6) neutral (60.15) ā No extreme bearish confirmation yet.
- Bitcoin market moves could override SHIB technicals.
TL;DR: Short SHIB at 0.013020; stop at 0.013150; target 0.012800 & 0.012600. High-probability reversal play!
#1000SHIBUSDT #BinanceSquareTalks #bearish #MemeCoinMarket
ā° Timing: Act now ā overbought signals peaking!