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I have been monitoring the JASMY/USDT trend all day and finally found the opportunity I was looking for.
The price is now at the 0.01 USDT level. On the 4-hour chart, the RSI has already surged into the overbought zone above 70, but what's interesting here is that—the 1-hour MACD has already shown a death cross, and the histogram has turned negative, clearly indicating that the upward momentum is waning. Over the past few hours, I’ve been waiting for a signal: either the 1-hour timeframe shows signs of stalling and losing strength, or it directly forms a pullback pattern, while trading volume significantly shrinks. Currently, the volume has contracted by 99.1%, indicating that the buying enthusiasm is insufficient, paving the way for a wave of retracement.
**My choice is to stay on the sidelines and not rush to act.**
The trigger for shorting is here: if the price stays within the 0.0100 to 0.0102 range, and the 1-hour candlestick closes without breaking above this level, or forms bearish patterns like a pin bar or engulfing, while the 1-hour RSI falls back from high levels, then it’s time for me to act.
Once the signal confirms, my trading plan is as follows:
- Entry: Gradually open short positions within the 0.0100-0.0102 range
- Stop-loss: Set at 0.0105, just above the previous high
- Targets: Two levels, T1 at 0.0095, T2 aiming for 0.0090
This risk-reward ratio exceeds 2:1, meeting my standards. Currently, sentiment should be cautious; only when price structure, indicator performance, and risk-reward considerations truly align will be the right time to take action.