🚨 JUV PUMP STRONG BUT HIGH RISK — SHORT ON THE PULLBACK
JUV just surged ~35–40% (0.62 → 0.86) thanks to news related to Tether & Juventus. But looking closely, this is a news-driven pump with very high correction risks.
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🔻 1. HEAVILY OVERBOUGHT – EASY PULLBACK
• RSI ~80+ → extreme overbought zone.
• Price surpassed Upper Bollinger Band → often leads to a pullback.
➡️ Long chasing at this point risk > reward.
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🔻 2. BULLISH STRUCTURE – FOMO DOMINANT
• Candlesticks rising vertically, volume surging → short-term FOMO.
• Buyback news is uncertain (Exor denies selling the club) → likely to trigger sell-the-news.
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🔻 3. IMPORTANT PRICE LEVELS
• Strong resistance: 0.88 – 0.90
• Nearby support: 0.75
• Falling below 0.75 → likely to slide to 0.68 → 0.62
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🧭 PREFERRED SCENARIO
• Bias: Bearish / Pullback
• Strategy: Short when price weakens or is rejected in the 0.88–0.90 range
• Pullback probability: ~60%
👉 Only when it holds above 0.90 with sustained volume, the bearish scenario will be invalidated.
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💬 Do you lean towards a deep pullback or just a cooldown before going sideways?
