$MARSCOIN +3.5% spike with 3.1x volume looks more like a liquidity grab than a genuine trend reversal
My bias remains bearish on the 1h as price continues to print lower highs and lower lows. The aggressive 15-minute pump is now testing the previous LH at 0.1054, making this area a key resistance zone rather than a level to chase.
This is a counter-trend short against bullish BTC with daily and weekly structure still ranging, so confirmation is essential. I want to see a sweep of 0.1054 followed by a clear rejection before considering the short.
Key resistance: 0.1054–0.1069
If sellers regain control, downside targets are:
TP1: 0.0979
TP2: 0.0962
TP3: 0.0905
TP4: 0.0888
Short zone: 0.1045–0.1069, only after rejection confirmation such as a 1h rejection wick, bearish engulfing candle, or lower-timeframe structure shift.
Flow is also worth watching: OI at $21.9M (+1.5% 24h), funding +0.0050%, and taker ratio at 1.11x. Elevated OI and positive funding could provide additional fuel if crowded longs get trapped.
Invalidation: 1h close above 0.1054. A clean reclaim would weaken the bearish setup and shift the structure bullish.
No chase. Let the liquidity sweep happen, wait for confirmation, then manage risk around the structure.
#MARSCOIN #CryptoTrading #BinanceSquare #Altcoins #Trading $MARSCOIN
My bias remains bearish on the 1h as price continues to print lower highs and lower lows. The aggressive 15-minute pump is now testing the previous LH at 0.1054, making this area a key resistance zone rather than a level to chase.
This is a counter-trend short against bullish BTC with daily and weekly structure still ranging, so confirmation is essential. I want to see a sweep of 0.1054 followed by a clear rejection before considering the short.
Key resistance: 0.1054–0.1069
If sellers regain control, downside targets are:
TP1: 0.0979
TP2: 0.0962
TP3: 0.0905
TP4: 0.0888
Short zone: 0.1045–0.1069, only after rejection confirmation such as a 1h rejection wick, bearish engulfing candle, or lower-timeframe structure shift.
Flow is also worth watching: OI at $21.9M (+1.5% 24h), funding +0.0050%, and taker ratio at 1.11x. Elevated OI and positive funding could provide additional fuel if crowded longs get trapped.
Invalidation: 1h close above 0.1054. A clean reclaim would weaken the bearish setup and shift the structure bullish.
No chase. Let the liquidity sweep happen, wait for confirmation, then manage risk around the structure.
#MARSCOIN #CryptoTrading #BinanceSquare #Altcoins #Trading $MARSCOIN