$COLLECT USDT (Collect on Fanable perpetual) shows a strong downtrend with a recent bounce attempt, but momentum remains bearish. Current price sits at 0.055560 USDT, down -10.13% in the last 24 hours after hitting a high of 0.06616. We've seen a sharp drop from peaks around 0.116-0.12, bottoming near 0.026 earlier, now recovering partially but facing heavy resistance.
Key indicators scream caution + opportunity:
EMAs (8/13/21) are tightly clustered above price at ~0.066, acting as dynamic resistance — classic bearish alignment.
Stochastic (%K 43.41, %D 58.81, %J 12.62) is rolling over from overbought territory, signaling weakening momentum.
RSI(6) at 34.00 and RSI(14) at 43.70 hover in oversold/neutral zone — room for more downside before true reversal.
Volume is spiking on red candles, with MA5/MA10 showing declining average participation — sellers still in control.
Bearish forecast: SHORT now looks attractive on Binance Futures!
Price rejected hard at the EMA cluster (~0.066) and is testing lower supports. Expect continuation toward recent lows if momentum holds.
Trade Setup (Perpetual Futures - Leverage up to your risk tolerance, e.g. 10-20x):
Entry: Market short around 0.0555 - 0.0560
Take Profit 1: 0.0480 (first support zone, ~13-14% gain)
Take Profit 2: 0.0415 (deeper target near prior wick lows, ~25%+ potential)
Stop Loss: 0.0625 (above recent swing high & EMA cluster for protection, ~12% risk)
Risk only what you can afford — always use proper position sizing! This is high-vol meme/RWA play in collectibles space — fast moves expected.
Trade $COLLECT USDT SHORT Now! Don't miss the next leg down 🚀 Follow & turn 🔔 on for more real-time setups ✅ Let's catch these dips & profits together!
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