🔥$PTB Strongly Bullish but approaching overbought conditions
Recent K-line data shows significant volume spikes during upward moves confirming strong buying interest. However, the latest candle shows low volume, indicating a potential loss of momentum near the resistance.
Contract net capital flow shows consistent outflows over multiple timeframes (-12K over 4H, -53K over 6H), indicating that traders are taking profits or reducing long positions. This aligns with the overbought signals from RSI and KDJ, suggesting caution for new long entries.
Entry long $PTB : on a pullback to the support level near 0.00212 USDT or if the price breaks above the resistance at 0.00239 USDT with high volume. Avoid entering at the current overbought levels.
Stop Loss: if entering at 0.00212, stop loss at 0.00205
Target Price $PTB : 0.00222 - 0.00233, aligning with the next resistance levels.
Support me just Click below to Trade 👇 Cheers.
#ptb #ptbusdt #PortaltoBitcoin