The 4H trend is bearish. After experiencing a sharp upward spike, the price was strongly rejected, indicating significant supply pressure above 0.0400. Subsequently, the market structure shifted to a downward trend, forming lower highs and lower lows.
The trigger signals will come from smaller time frames (like 1H/15m). When the price attempts a slight rebound, we need to pay attention to whether the 1H RSI encounters rejection at the 50 level. If the RSI cannot break above 50, while the price is blocked below the critical EMA (like the 21EMA), this will confirm the continuation of bearish momentum. The current entry logic is based on sustained weakness after a high position sell-off, trading in line with the dominant downward trend, which has a higher probability of success. The bearish target points to previous liquidity pools and lower demand areas.
Executable trade setup ([Short])
Entry: Market price at 0.02813
TP1: 0.02208
TP2: 0.01603
SL: 0.03216
CHESSUSDT
Perp
0.02869
-10.56%
$4
4USDT
Perp
0.02854
-10.89%
$GAIB