Short Trade Spotted on $BABY /USDT
Just spotted a potential short trade setup on BABY/USDT!
Price action is showing strong downward momentum, with the price currently at $0.10341, down 24.55% on the 15-min chart. It recently bounced from the support level of $0.10105, but the upside appears limited with resistance near the Bollinger middle band ($0.10395) and upper band at $0.10564.
Indicators:
• StochRSI: Overbought zone at 76+, potential for reversal.
• Bollinger Bands: Tightening slightly, indicating upcoming move.
• Volume: Declining after the bounce — possible sign of weak bull strength.
This looks like a nice scalp opportunity for a short, especially if price fails to break above the middle Bollinger band.
Watch closely for confirmation before entering. Always manage your risk!
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