🐻 $TRADOOR
Trade Setup: Oversold Bounce or Further Crash?
TRADOOR (TRADOORUSDT) has taken a heavy hit, currently trading at 1.928 with a sharp -14.80% drop. The short-term trend has flipped bearish after losing key support levels, but the RSI suggests a relief rally could be around the corner.
📊 Technical Breakdown
Trend Reversal: The price has sliced below both the EMA 7 (1.997) and EMA 25 (2.010). These levels, which previously acted as support, have now flipped into a strong resistance zone. The bears are currently driving the market.
Momentum Shift: The MACD has confirmed a bearish "Death Cross" (DIF < DEA), and the histogram is expanding downwards, indicating that selling pressure is increasing.
Oversold Opportunity: The RSI (6) has dropped to 27.97. An RSI below 30 is "oversold," which often triggers a "dead cat bounce" or a short-term relief rally as sellers become exhausted.
Key Levels: Immediate resistance is the 1.99 - 2.01 zone (EMA cluster). The next major support level is the EMA 99 at 1.780.
🎯 Actionable Trade Setups
📉 Short Strategy (Trend Following)
Logic: The trend is down. It is safer to sell the rallies than to catch the falling knife.
Entry: 1.98 - 2.02 (Wait for a retest of the broken EMA support/resistance flip).
Targets: 1.88 (Recent Low) and 1.78 (EMA 99 Support).
Stop Loss: Close above 2.10 (Invalidates bearish structure).
📈 Long Strategy (High-Risk Scalp)
Logic: Playing the "Oversold" bounce (RSI < 30). This is risky and requires tight stops.
Entry: 1.88 - 1.90 (Snipe the current lows) OR wait for 1.78 (EMA 99).
Targets: 1.99 (EMA 7).
Stop Loss: Close below 1.75.
⚠️ Disclaimer: Counter-trend trading (Longs) during a -15% drop is highly risky. Manage position sizes accordingly.
#TRADOOR