$TRU #Followers #Everyone #Binance #trusignal
### **Short Position Analysis for TRU/USDT:**
### **Reasons to Consider Shorting:**
**1. RSI (6): 93.8613**
- An RSI above 70 typically indicates overbought conditions, and 93.86 suggests that the price is extremely overbought. This might mean that a correction or pullback is imminent, which presents an opportunity for a short position.
**2. MACD:**
- Although the MACD is positive, signaling bullish momentum, extremely high RSI readings could lead to a potential reversal. A drop in MACD values or divergence with the price could further confirm the short entry.
**3. Volume:**
- The current volume is significantly higher than the 5-day and 10-day averages, suggesting strong market participation. This can either signal the end of a buying spree or trigger profit-taking, which could cause a downward move.
### **Entry for Short:**
- **Entry Point:** You may consider entering a short position if the price starts to show signs of weakening, especially if the RSI begins to decline or if the price moves below the **MA(7)** of 0.1015. A potential short entry could be between **0.1120 and 0.1140**, close to current levels if signs of weakness appear.
### **Exit (Take Profit):**
- **TP:** A reasonable take-profit level could be near the **MA(25)** at **0.0922** or just above it to avoid hitting resistance before reversal. You may also take partial profits at **0.1000** as it could be a psychological support level.
### **Stop Loss:**
- **SL:** Set a stop-loss above a recent resistance level, such as **0.1180**, to protect your short position in case the price continues its upward momentum.
### **Summary:**
- **Conditions to Enter a Short:** Overbought conditions (high RSI), potential exhaustion of the buying momentum, or price moving below MA(7).
- **Target Price (TP):** Between 0.0922 and 0.1000.
- **Stop Loss (SL):** Around 0.1180 to manage risk.
Watch for any divergence between the price and the RSI or MACD