It looks like folks are piling into $BULLA/USDT longs, yet the technicals are flashing major warning signs of a setup.
$BULLA - SHORT POSITION
Trading Strategy:
Entry Range: 0.026413 to 0.026887
Stop Loss: 0.028069
Take Profit 1: 0.025231
Take Profit 2: 0.024758
Take Profit 3: 0.023812
Rationale Behind This Trade:
The 4-hour chart is primed for a downside move. Overall daily momentum remains downward, with RSI on shorter intervals indicating fading strength (sitting at 43.34 on the 15-minute), and it hasn't even hit overbought territory. The entry window is well-defined from 0.026413 up to 0.026887.
Open Question:
Could this be the last upward spike before it tumbles to the first target at 0.025231?

