Nierless
Open Trade
Frequent Trader
4.4 Years
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B
XRPUSDT
Perp
Closed
PNL
+0.19USDT
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✅ Signal for TREE/USDT:
→ SELL
Reason: After a parabolic impulse of +126%, the price is facing exhaustion and is forming a technical decline from levels close to $1.00, with a retracement towards support at $0.60 USDT.
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📊 Detailed technical analysis:
Following an explosive rise, a bearish divergence is evident with increasing volume during the decline, which suggests strong selling pressure.
In 4H, daily, and weekly time frames, technical indicators point to signals of correction or neutrality after the previous peak.
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🕒 Note on time frame:
If you are trading on 5 minutes, it is critical to wait for consolidation below new local highs before considering a buy.
For 1h or more, it is recommended to wait for retracements and the formation of clear support before positioning long.
#TREE
→ SELL
Reason: After a parabolic impulse of +126%, the price is facing exhaustion and is forming a technical decline from levels close to $1.00, with a retracement towards support at $0.60 USDT.
---
📊 Detailed technical analysis:
Following an explosive rise, a bearish divergence is evident with increasing volume during the decline, which suggests strong selling pressure.
In 4H, daily, and weekly time frames, technical indicators point to signals of correction or neutrality after the previous peak.
---
🕒 Note on time frame:
If you are trading on 5 minutes, it is critical to wait for consolidation below new local highs before considering a buy.
For 1h or more, it is recommended to wait for retracements and the formation of clear support before positioning long.
#TREE
S
TREEUSDT
Perp
Closed
PNL
+0.49USDT
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