MARSCOIN getting absolutely wrecked: -15% and counting. $49.6M in volume but it's declining (0.71x normal) — sellers are running out of ammo, but buyers aren't stepping in either.
4H chart is a bloodbath: RSI at 36, MACD deeply negative, price below all moving averages. Daily RSI at exactly 50 — the line in the sand. If this breaks lower, the next support is thin air.
The strong downtrend label is earned. Price is below the 7-MA ($0.119) on the 4H, which is itself below the 25-MA ($0.148). Textbook bearish structure.
📋 Trade Plan (SHORT):
• Entry: $0.099 - $0.115
• Stop Loss: $0.139 (above the 4H 25-MA — if price reclaims this level, the downtrend may be pausing)
• TP1: $0.096 | TP2: $0.093 | TP3: $0.089
⚠️ Confidence: 80% — clear trend but RSI approaching oversold. Watch for bounce traps.
Catching this knife or watching from the sidelines? 🤔
#MARSCOIN #Crypto #DYOR
⚠️ Not financial advice. Always do your own research and manage risk.
4H chart is a bloodbath: RSI at 36, MACD deeply negative, price below all moving averages. Daily RSI at exactly 50 — the line in the sand. If this breaks lower, the next support is thin air.
The strong downtrend label is earned. Price is below the 7-MA ($0.119) on the 4H, which is itself below the 25-MA ($0.148). Textbook bearish structure.
📋 Trade Plan (SHORT):
• Entry: $0.099 - $0.115
• Stop Loss: $0.139 (above the 4H 25-MA — if price reclaims this level, the downtrend may be pausing)
• TP1: $0.096 | TP2: $0.093 | TP3: $0.089
⚠️ Confidence: 80% — clear trend but RSI approaching oversold. Watch for bounce traps.
Catching this knife or watching from the sidelines? 🤔
#MARSCOIN #Crypto #DYOR
⚠️ Not financial advice. Always do your own research and manage risk.