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COIN NAME - #HFTUSDT
SIGNAL IS - SHORT !!
As we can see that the price has bounced back twice form the resistance & mean while BTC is also bearish and will dump. So that means this coin will also dump. It is breaking the support of EMA RIBBON as you can see that. The upper line of Bollinger bands is also curving downside indicating us that the price will fall. We can also see that MACD is opening short & on RSI we can see bearish divergence as you can see on the chart down below. So we get a confirmation of short on this coin.
We can observe from the liquidation heatmap that the price is already high. It will now drop in order to capture less liquidity. From this point on, the market price decline is confirmed once more.
SIGNAL-
ENTRY - 0.1349
TP - 0.1081