Trend Check:
After a short-lived MSB flip, structure reversed bearish. Now sitting on support with fading momentum.
Indicators:
RSI: 36.0 (bearish)
MACD: Weak and flat, no strength in either direction
Structure:
Bearish MSB confirmed. Series of lower highs and breakdown from small demand. Eyes on $0.060 for next key level.
Position: Short bias
Entry Idea: Short under $0.060
Stop: Above $0.0625
Targets: $0.056 → $0.050
Reasoning:
Momentum weak and structure bearish. If $0.060 breaks, room opens up below.
After a short-lived MSB flip, structure reversed bearish. Now sitting on support with fading momentum.
Indicators:
RSI: 36.0 (bearish)
MACD: Weak and flat, no strength in either direction
Structure:
Bearish MSB confirmed. Series of lower highs and breakdown from small demand. Eyes on $0.060 for next key level.
Position: Short bias
Entry Idea: Short under $0.060
Stop: Above $0.0625
Targets: $0.056 → $0.050
Reasoning:
Momentum weak and structure bearish. If $0.060 breaks, room opens up below.
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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.