EPIC Under Heavy Selling Pressure
$EPIC remains in a strong downtrend after a sharp breakdown, with sellers still controlling the market. A relief bounce is possible, but the overall structure stays bearish until key resistance is reclaimed.
Trade Plan
Direction: Short (Preferred)
Entry: 0.4750–0.4900
Target 1: 0.4500
Target 2: 0.4200
Target 3: 0.3800
Stop Loss: 0.5150
The trend remains bearish, so avoid catching the falling knife. Wait for a weak bounce into resistance before considering a short position, and manage risk carefully.
$EPIC remains in a strong downtrend after a sharp breakdown, with sellers still controlling the market. A relief bounce is possible, but the overall structure stays bearish until key resistance is reclaimed.
Trade Plan
Direction: Short (Preferred)
Entry: 0.4750–0.4900
Target 1: 0.4500
Target 2: 0.4200
Target 3: 0.3800
Stop Loss: 0.5150
The trend remains bearish, so avoid catching the falling knife. Wait for a weak bounce into resistance before considering a short position, and manage risk carefully.