#bananas31 $BANANAS31
Short Position Strategy
Current Market Situation (4h chart)
Price: $0.0192 (+27.27% in 4 hours) – a strong spike.
RSI (6): 89.6 – extremely overbought.
Volume: Massive volume spike, suggesting exhaustion or climax buying.
Candlestick: A tall green candle indicating a parabolic move, often followed by a correction.
📉 Short Position Strategy
✅ 1. Entry Point
Consider entering a short at or slightly above $0.0192–$0.0196, ideally if the price forms a bearish reversal pattern (e.g. doji, bearish engulfing) on the next 1-4h candles.
Look for volume divergence (price rising while volume drops) as a confirmation.
❌ 2. Stop-Loss
Place a tight stop-loss slightly above the recent high of $0.019577. A buffer at $0.0198–$0.0200 is safer in case of a wick.
Risk management: keep the loss under 1–2% of your total capital.
🎯 3. Take-Profit Targets
Use nearby support levels and MAs for logical exits:
TargetReasonLevelTP1Previous resistance / support~$0.0170TP225 MA (pink line)~$0.0154TP399 MA (blue line), strong support~$0.0133
Risk-Reward Ratio Example:
Risk: 0.0006 (from $0.0192 to $0.0198)
Reward: 0.0040 (to $0.0152)
→ RR = 1:6.7 (very favorable if trend reverses)
📌 Tips & Warnings
Wait for confirmation: Do not short just because RSI is high. Look for weakening momentum or bearish candles.
Tight trailing stop: If price keeps rising, be ready to exit. Parabolic moves can go higher before crashing.
Market hours: Be aware of volatility during market open/close (UTC), especially for altcoins.
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