📉 $BROCCOLI714 Rejection! | Perfect SHORT Opportunity? ⚠️
Market Analysis:
After a massive +16% pump, $BROCCOLI714
is finally hitting a major resistance wall at 0.03486. The price is starting to show heavy rejection candles on the 15m and 1h charts. This looks like a classic "Blow-off Top," and we expect a healthy correction toward the previous support levels.
Why I’m entering a SHORT position:
Resistance Confirmed: The price failed to break the 0.035 psychological level and is now forming red candles with increasing sell volume.
Profit Taking: Early buyers are now exiting their positions, which will likely accelerate the downward move toward the 0.030 support zone.
RSI Divergence: The momentum is fading on shorter timeframes, signaling that the buyers are exhausted.
My Trading Setup (Short/Sell):
Entry Area: 0.03350 - 0.03440 📉
Target 1: 0.03120 (Immediate Support) 🎯
Target 2: 0.02850 (Major Retracement Level) 🔥
Stop Loss: 0.03620 (Above the recent high to stay safe) 🛡️
Plan:
Wait for a candle close below 0.033 to confirm the breakdown. Use 3x to 5x leverage for a safer trade. Remember, memecoins drop as fast as they pump!
👇 Secure your profits or open a SHORT position via the tag below
