Spot Trade Signal for $A (Voulta A):
Signal: 🔴 Short Entry
Entry Zone: $0.7520 – $0.7550
Target 1: $0.7420
Target 2: $0.7350
Stop Loss: $0.7630
Risk/Reward: ~1:2
Technical Analysis (1H Timeframe):
🔹 Price Action & Trend:
Voulta A is showing bearish pressure with a clear rejection near $0.7700.
Price is forming lower highs after a brief bounce from $0.7260, indicating a weakening bullish structure.
Currently hovering near $0.7510 with a red candle forming below MA(7), showing momentum loss.
🔹 Moving Averages:
MA(7) = $0.7486 (acting as dynamic resistance).
Price failing to close above this moving average hints at continued downside potential.
🔹 Volume Analysis:
Decreasing volume on the recent green candles signals weak bullish participation.
Sellers are gaining control as indicated by rising volume on red candles.
🔹 Support & Resistance:
Immediate resistance near $0.7700 (recent high).
Strong support lies at $0.7260; if broken, we may see continuation toward $0.7150.
🔹 Candlestick Patterns:
The latest candles show wicks on top, signaling rejection at higher levels.
A potential bearish engulfing setup might be forming, reinforcing a short bias.
🔹 24H Range:
High: $0.8440
Low: $0.6954
Price is currently trading closer to the lower half of the range, hinting at bearish sentiment.
If you'd like, I can also analyze this on a longer timeframe (4H or 1D) for confirmation.