SSVUSDT.PERP OVERVIEW

🧠 1. General Overview

Current Price: ~$11.094

24H Change: +21.07%

24H High / Low: $11.40 / $8.96

Funding Rate: +0.0100% (Longs paying shorts → bullish sentiment, but crowded)

📊 2. Technical Indicators Analysis (4H)
🔹 Bollinger Bands

Current Price is piercing the upper band → a common mean reversion signal.

Band expansion suggests volatility breakout, often followed by retracement or consolidation.
🔹 Moving Averages

EMA 9/21/200 are aligned bullishly:

Price is well above EMA 200 (strong uptrend confirmation)

However, this large gap from EMA 21 and EMA 200 may suggest overextension
🔹 RSI (Relative Strength Index)

Value: 74.60 — overbought

Historically on this chart, RSI > 70 has led to either consolidation or pullbacks
🔹 MACD

Bullish crossover occurred

Histogram expanding — trend continuation possible short-term before correction

🧱 3. Key Levels to Watch
Resistance Zones

$11.40 – 24H High

$12.00 - $12.20 – Previous strong rejection (plotted horizontal line), ideal for short interest

$12.50 – Round number resistance, upper BB extension

🎯 4. Ideal Short Entry Plan
✅ Entry Zone (Aggressive to Conservative)
Aggressive
$11.40 - $11.60
Short-term double top rejection

Ideal/Conservative
$12.00 - $12.20
Previous resistance + high RSI + extended Bollinger Band
Max-risk Fade

$12.50
Overthrow zone before possible dump

🛑 Stop Loss Placement

SL: Above $12.60, to allow for wick traps

Conservative traders may place SL at $12.30 if sizing is tight

🎯 Take-Profit Targets

Target
TP1 (Quick)
$10.70
Mid BB/EMA confluence

TP2
$10.00
High volume node support

TP3
$9.00 - $9.20
Full retracement to prior base

📌 Final Notes & Risk Consideration
Current rally shows signs of strength, but also overextension.

Shorting into strength requires discipline — wait for:

Rejection candle (e.g., long upper wick)

Decreasing volume on next candle

Bearish divergence (watch RSI and MACD)

Avoid shorting impulsively into momentum