4-hour chart trend is bearish. The price faced strong rejection after testing a key supply zone (around 0.05207), failing to create a higher high, indicating that upward momentum is weakening. This bearish structure provides a favorable background for shorting.
The trigger signal appears on smaller time frames. On the 1-hour/15-minute charts, we can infer that the Relative Strength Index (RSI) has decisively broken below the 50 midline after failing to maintain above 50, marking a shift in market momentum from bullish to bearish. The price may also have broken below the key short-term Exponential Moving Average (EMA), further confirming the return of bearish strength. The current entry logic is based on a high probability expectation of price retreating from resistance and momentum exhaustion, aligning with the bearish trend of the larger time frame.
Executable settings (empty)
Entry: Market price 0.04738
Target 1: 0.04446
Target 2: 0.04154
Stop loss: 0.04933
$1000FLOKI
1000FLOKIUSDT
Perp
0.04679
-5.30%
$FHE
FHEUSDT
Perp
0.01586
+1.08%
VANAUSDT
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2.961
-1.53%