đš $EPIC has been absolutely crushed.
Epic Chain (EPIC) is now trading around $0.69, after recently reaching almost $1.93. Thatâs a brutal correction from the top, and the latest weakness doesnât appear to be caused by some new catastrophic announcement â it looks more like the aftermath of a massive speculative rally combined with profit-taking and weaker altcoin liquidity.
There is also an important risk factor: EPIC carries Binanceâs Monitoring Tag, meaning the token is considered higher-risk and remains under Binanceâs periodic review.
đ My view:
The short-term structure is still bearish. At $0.69, I wouldnât blindly catch the falling knife. The first important zone is $0.69â0.70. If it fails, the next area to watch is around $0.60â0.55.
đŽ EPIC â SHORT (on bounce)
đ° Entry: 0.73â0.76
âïž Margin: Cross
đŻ Take Profits:
đ„ 0.67
đ„ 0.61
đ„ 0.55
đ Leverage: 5x
đ Stop Loss: 0.79
đĄ Comment: If EPIC reclaims $0.78â0.80 with strong volume, the bearish setup becomes much weaker. But while price remains below this zone, another leg lower is more likely than an immediate return to $1+. Donât try to catch the bottom just because the chart already looks cheap.
Sometimes âdown 60%â doesnât mean âcanât go down another 30%.â đ
#Epic #EpicChain #Futures #crypto #Trading
Epic Chain (EPIC) is now trading around $0.69, after recently reaching almost $1.93. Thatâs a brutal correction from the top, and the latest weakness doesnât appear to be caused by some new catastrophic announcement â it looks more like the aftermath of a massive speculative rally combined with profit-taking and weaker altcoin liquidity.
There is also an important risk factor: EPIC carries Binanceâs Monitoring Tag, meaning the token is considered higher-risk and remains under Binanceâs periodic review.
đ My view:
The short-term structure is still bearish. At $0.69, I wouldnât blindly catch the falling knife. The first important zone is $0.69â0.70. If it fails, the next area to watch is around $0.60â0.55.
đŽ EPIC â SHORT (on bounce)
đ° Entry: 0.73â0.76
âïž Margin: Cross
đŻ Take Profits:
đ„ 0.67
đ„ 0.61
đ„ 0.55
đ Leverage: 5x
đ Stop Loss: 0.79
đĄ Comment: If EPIC reclaims $0.78â0.80 with strong volume, the bearish setup becomes much weaker. But while price remains below this zone, another leg lower is more likely than an immediate return to $1+. Donât try to catch the bottom just because the chart already looks cheap.
Sometimes âdown 60%â doesnât mean âcanât go down another 30%.â đ
#Epic #EpicChain #Futures #crypto #Trading