$STABLE Strong Uptrend but Overbought, I'd scalp Short on 1-hour timeframe
Recent candles show upper wicks and reduced body size near highs, indicating distribution
Volume divergence on latest up-move suggests weakening demand at current levels
Capital Flow: short-term outflows (-622K in 2H) suggest profit-taking.
While the overall trend remains bullish, multiple timeframe overbought conditions (RSI, KDJ, BOLL %B) combined with volume divergence and resistance proximity suggest high probability for technical pullback to mean regression levels. This is a counter-trend scalp targeting 4-9% downside move before trend continuation.
Entry short
• Ideal entry zone: 0.0306-0.0308 (rejection of upper BOLL/R1 resistance)
Stop Loss: 0.0316 above recent high and BOLL upper band
Profit Targets
• TP1: 0.0289 (MA10 support confluence)
• TP2: 0.0282 (support level)
• TP3: 0.0275 (MA20 and BOLL mid-band support
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