๐ $YALA / USDT โ SHORT SETUP ALERT ๐
$YALA is showing signs of bearish momentum after failing to break above the recent resistance zone near 0.4280โ0.4300. Price action has formed a lower high on the 4H chart, while RSI is trending down from overbought territory, hinting at potential continued downside.
๐น Entry: 0.4245
๐น Take Profit Targets:
โข TP1: 0.4120 โ First key support from the recent consolidation zone.
โข TP2: 0.4100 โ Break below here could open the way for deeper declines.
๐น Stop Loss: 0.4300 โ Above major resistance to avoid fakeouts.
Technical Outlook:
Bearish divergence forming on the RSI
20 EMA crossing below the 50 EMA on lower timeframes
Volume decreasing on recent up moves, suggesting buyer exhaustion
Trade Idea:
If price stays below 0.4250 and sellers continue to defend the resistance zone, this short position could provide a good risk-to-reward ratio. Always confirm with your own analysis before entering.
โ Risk Management: Use proper position sizing. Donโt over-leverage.
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