Trend Check:
Price is pressing deep into demand with weakening momentum. Last MSB was bullish, but structure is fragile.
Indicators:
RSI: 28.3 (oversold)
MACD: Bearish momentum building
Structure:
Still within major demand, but consistent lower highs signal pressure. Watch for sweep and reclaim or breakdown.
Position: Neutral → Short bias
Entry Idea: Short below $0.200
Stop: Above $0.205
Targets: $0.195 → $0.188
Reasoning:
Momentum is heavily bearish. If demand fails to hold, expect a clean sweep lower.
Price is pressing deep into demand with weakening momentum. Last MSB was bullish, but structure is fragile.
Indicators:
RSI: 28.3 (oversold)
MACD: Bearish momentum building
Structure:
Still within major demand, but consistent lower highs signal pressure. Watch for sweep and reclaim or breakdown.
Position: Neutral → Short bias
Entry Idea: Short below $0.200
Stop: Above $0.205
Targets: $0.195 → $0.188
Reasoning:
Momentum is heavily bearish. If demand fails to hold, expect a clean sweep lower.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.