$TKO /USDT Trade Signal:
Grab Profit🔥🔥
Prediction: SHORT (Bearish Pullback Expected)
The price has surged to $0.2315 (+36.50%) and is approaching the 24h high of $0.2650. This sharp rally has likely exhausted buying pressure, and the price is now significantly overextended above all moving averages (MA(7): 0.2005, MA(25): 0.1776, MA(99): 0.1724). The volume, while high, is below the MA(5) volume average, indicating weakening momentum. The chart shows a potential rejection near the $0.2650 resistance, and a pullback toward the moving averages is probable.
Entry Point: $0.2300 - $0.2350
Enter short near the current price or on a slight push toward $0.2650 (if reached), as resistance is likely to hold.
Take Profit Levels:
- TP1: $0.2005 (MA(7) support)
- TP2: $0.1776 (MA(25) support)
- TP3: $0.1650 (next key support level near the 24h low)
Stop Loss: $0.2660
Place above the 24h high ($0.2650) to avoid a breakout continuation.
Rationale:
- The price is overbought after a +36.50% surge and is testing strong resistance at $0.2650.
- Volume is declining relative to recent averages, suggesting a lack of sustained buying.
- Moving averages are far below, indicating a wide gap that often leads to a mean reversion pullback.
- The stop loss is placed above resistance to protect against a breakout.
Note: This is a counter-trade against the strong uptrend, so risk management is crucial. If the price breaks above $0.2650 with volume, the bullish trend may resume. Consider a smaller position size due to the high volatility.