#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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