🪙 ASSET: $BILL /USDT (Binance)
🔴 DIRECTION: SHORT
📉 TREND: Pronounced downward trend. The price has plummeted from 0.02764 (chart peak) to the current 0.02303 — a correction of ~16.7%. The price is trading below all key EMAs: EMA(7) 0.02314, EMA(25) 0.02394, EMA(99) 0.02497, EMA(200) 0.02961 — a full bearish stack. RSI(6) is at 34.16 — approaching oversold territory but has not yet reached the 30 level, leaving room for further decline. MACD is negative (DIF -0.00052, DEA -0.00037, MACD -0.00015) — confirming bearish momentum. Supertrend 0.02409 is red and positioned above the price — an additional signal of weakness. Performance over 30 days of -43.54% and 90 days of -87.21% confirms a deep bear trend.
🎯 Trading Setup
Entry: 0.0230 – 0.0233
🛑 Stop-Loss
0.0250 (above EMA(99) 0.02497 / Supertrend 0.02409 + buffer)
📉 Take-Profits
🔴 TP1: 0.0220 — below the local minimum of 0.02252
🔴 TP2: 0.0210 — intermediate support
🔴 TP3: 0.0200 — extended target, approaching the psychological level
🔑 Key Levels
🔵 Bottom (0.02252): Local minimum / recovery start level
🔴 Resistance (0.02764): Local peak / drop start level
🟢 Support (0.02252): Local minimum on the chart
🎯 Entry Zone (0.0230–0.0233): Current zone / retest of EMA(7) 0.02314 from below
🛑 Stop-Loss (0.0250): Above EMA(99) and Supertrend with a buffer
⚠️ Disclaimer: This analysis is not financial advice. Trade at your own risk.
$BILL
🔴 DIRECTION: SHORT
📉 TREND: Pronounced downward trend. The price has plummeted from 0.02764 (chart peak) to the current 0.02303 — a correction of ~16.7%. The price is trading below all key EMAs: EMA(7) 0.02314, EMA(25) 0.02394, EMA(99) 0.02497, EMA(200) 0.02961 — a full bearish stack. RSI(6) is at 34.16 — approaching oversold territory but has not yet reached the 30 level, leaving room for further decline. MACD is negative (DIF -0.00052, DEA -0.00037, MACD -0.00015) — confirming bearish momentum. Supertrend 0.02409 is red and positioned above the price — an additional signal of weakness. Performance over 30 days of -43.54% and 90 days of -87.21% confirms a deep bear trend.
🎯 Trading Setup
Entry: 0.0230 – 0.0233
🛑 Stop-Loss
0.0250 (above EMA(99) 0.02497 / Supertrend 0.02409 + buffer)
📉 Take-Profits
🔴 TP1: 0.0220 — below the local minimum of 0.02252
🔴 TP2: 0.0210 — intermediate support
🔴 TP3: 0.0200 — extended target, approaching the psychological level
🔑 Key Levels
🔵 Bottom (0.02252): Local minimum / recovery start level
🔴 Resistance (0.02764): Local peak / drop start level
🟢 Support (0.02252): Local minimum on the chart
🎯 Entry Zone (0.0230–0.0233): Current zone / retest of EMA(7) 0.02314 from below
🛑 Stop-Loss (0.0250): Above EMA(99) and Supertrend with a buffer
⚠️ Disclaimer: This analysis is not financial advice. Trade at your own risk.
$BILL