4H Technical Analysis – Bearish Outlook
Market Structure:
Price rejected strongly from 0.002476.
Lower highs indicate weakening bullish momentum.
RSI(6) at 44.05, below 50, supporting bearish pressure.
Price is approaching the Bollinger middle band at 0.001676.
Short Trading Setup:
Level Price
Entry (SELL) 0.00174–0.00178
Stop Loss 0.00190
TP1 0.001676
TP2 0.001394
TP3 0.001027
Key Confirmation: A 4H candle closing below 0.001676 would strengthen the bearish scenario.
My Verdict: Sellers currently have the advantage. I favor a short setup, provided resistance holds and bearish confirmation appears.
#ONE/USDT
Market Structure:
Price rejected strongly from 0.002476.
Lower highs indicate weakening bullish momentum.
RSI(6) at 44.05, below 50, supporting bearish pressure.
Price is approaching the Bollinger middle band at 0.001676.
Short Trading Setup:
Level Price
Entry (SELL) 0.00174–0.00178
Stop Loss 0.00190
TP1 0.001676
TP2 0.001394
TP3 0.001027
Key Confirmation: A 4H candle closing below 0.001676 would strengthen the bearish scenario.
My Verdict: Sellers currently have the advantage. I favor a short setup, provided resistance holds and bearish confirmation appears.
#ONE/USDT
