MARSCOIN down -13.8% and the chart looks like a falling knife.
Price at $0.1074, breaking below the 4H SMA7 ($0.114) and SMA25 ($0.117). RSI at 39.1 shows bearish momentum but not oversold yet. MACD histogram turned negative (-0.0017) with bearish acceleration. Volume is low (0.47x), meaning sellers are in control without panic.
🎯 Why This Trade?
When a coin breaks key support with declining volume, it often signals the start of a deeper correction. The daily RSI at 50 is neutral, but the 4H structure is clearly bearish. The $0.103 level is immediate support; if it breaks, we're targeting $0.097.
📋 Trade Plan (SHORT):
• Entry: $0.103 - $0.112 (current rejection zone)
• SL: $0.125 (above SMA25 — invalidates bearish thesis)
• TP1: $0.0998 | TP2: $0.0968 | TP3: $0.0926
Risk/reward is 0.4 — tight stop, defined risk.
🤔 Question: MARSCOIN dumping hard. Dead cat bounce incoming, or is this the start of a longer downtrend? Would you fade this move?
#MARSCOIN #CryptoTrading #DYOR
⚠️ Disclaimer: This is not financial advice. Crypto is volatile. Do your own research before trading.
Price at $0.1074, breaking below the 4H SMA7 ($0.114) and SMA25 ($0.117). RSI at 39.1 shows bearish momentum but not oversold yet. MACD histogram turned negative (-0.0017) with bearish acceleration. Volume is low (0.47x), meaning sellers are in control without panic.
🎯 Why This Trade?
When a coin breaks key support with declining volume, it often signals the start of a deeper correction. The daily RSI at 50 is neutral, but the 4H structure is clearly bearish. The $0.103 level is immediate support; if it breaks, we're targeting $0.097.
📋 Trade Plan (SHORT):
• Entry: $0.103 - $0.112 (current rejection zone)
• SL: $0.125 (above SMA25 — invalidates bearish thesis)
• TP1: $0.0998 | TP2: $0.0968 | TP3: $0.0926
Risk/reward is 0.4 — tight stop, defined risk.
🤔 Question: MARSCOIN dumping hard. Dead cat bounce incoming, or is this the start of a longer downtrend? Would you fade this move?
#MARSCOIN #CryptoTrading #DYOR
⚠️ Disclaimer: This is not financial advice. Crypto is volatile. Do your own research before trading.