SHORT – BULLA
Across multiple timeframes, BULLA is showing extreme overbought conditions, signaling a high risk of mean reversion. On the 15-minute timeframe, a clear bearish divergence has formed, indicating weakening bullish momentum despite elevated prices.
Price has broken down from the ascending trend, confirming a loss of bullish structure. Additionally, there is a strong overhead resistance zone, where prior distribution occurred. Current price action shows diminishing buying pressure and lack of follow-through, aligning with classic momentum and trend exhaustion signals supported by RSI divergence, trendline failure, and price–structure analysis.
🎯 TP: 0.335
🛡️ SL: 0.09852
📊 RR: 1 : 6
Trade thesis: multi-timeframe overbought conditions + bearish divergence on M15 + breakdown of the uptrend and strong overhead resistance, forming a high-probability short setup with an attractive risk–reward profile.
