MARSCOIN just dropped 11.5% in 24 hours on $35M volume — and the shorts are celebrating too early.
Here is what they are missing.
The Setup:
Price at $0.1131 with RSI on 4H at 41.1 — approaching oversold but not there yet. The strong downtrend on 4H is real, but daily RSI sits at 50 — dead neutral. That means the daily trend has not confirmed a reversal yet.
MACD on the 4H shows histogram at -0.0024 — the selling pressure is present but fading.
Why Short With Caution:
The downtrend is confirmed on 4H with price below both SMA7 ($0.1203) and SMA25 ($0.1221). Volume ratio at 0.34 is very low though — which means this move lacks conviction. Low volume sell-offs often reverse violently.
Trade Plan:
SHORT
Entry: $0.1074 - $0.1188
Stop Loss: $0.1360 (above the recent swing high — gives room for a fake pump)
TP1: $0.1041 (-3.2%)
TP2: $0.1009 (-6.1%)
TP3: $0.0966 (-10.1%)
Risk/Reward: 0.4R — tight, so size accordingly
This is a momentum trade, not a swing. Get in, get out.
Question: Would you short a -11% coin or wait for the bounce to short higher? Tell me your play.
#MARSCOIN #CryptoTrading #DYOR
Disclaimer: This is personal analysis, not financial advice. Crypto is volatile. Always DYOR and manage your risk.
Here is what they are missing.
The Setup:
Price at $0.1131 with RSI on 4H at 41.1 — approaching oversold but not there yet. The strong downtrend on 4H is real, but daily RSI sits at 50 — dead neutral. That means the daily trend has not confirmed a reversal yet.
MACD on the 4H shows histogram at -0.0024 — the selling pressure is present but fading.
Why Short With Caution:
The downtrend is confirmed on 4H with price below both SMA7 ($0.1203) and SMA25 ($0.1221). Volume ratio at 0.34 is very low though — which means this move lacks conviction. Low volume sell-offs often reverse violently.
Trade Plan:
SHORT
Entry: $0.1074 - $0.1188
Stop Loss: $0.1360 (above the recent swing high — gives room for a fake pump)
TP1: $0.1041 (-3.2%)
TP2: $0.1009 (-6.1%)
TP3: $0.0966 (-10.1%)
Risk/Reward: 0.4R — tight, so size accordingly
This is a momentum trade, not a swing. Get in, get out.
Question: Would you short a -11% coin or wait for the bounce to short higher? Tell me your play.
#MARSCOIN #CryptoTrading #DYOR
Disclaimer: This is personal analysis, not financial advice. Crypto is volatile. Always DYOR and manage your risk.