Attention, $OBOL traders! 🚨 We are seeing a classic alert signal on the chart that you cannot ignore.
🔴 The Key Divergence:
While a large portion of retail accounts (over 70%) are Long (expecting a rise), the actual data tells a different story:
Market sell volume (red) dominates, indicating selling pressure despite the bullish retail sentiment.
The price remains below its moving averages (MA7 and MA25), confirming a possible bearish trend or at least a lack of bullish strength. The MA99 is acting as resistance.
The current bounce from the lows seems weak and could be a bullish trap before continuing a possible decline.
Possible Short Strategy:
➡️ Entry: Watch the zone of 0.14490 - 0.14683 USDT (near the MAs).
🎯 Targets (TP): 0.14200 / 0.14090 USDT.
🛡️ Stop Loss (SL): Above 0.14750 USDT.
⚠️ This is not financial advice. Do your own research (DYOR) and manage your risk.
#OBOLUSDT #Trading #TechnicalAnalysis
