$EPIC: Caution! Prioritize SHORT around 0.277x if the price cannot hold. The lower time frame is consolidating, but the larger frame still shows downward pressure. Entering the trade early may trigger a stop loss, while entering late may lose a good point. Is #EPIC trying to create a false bottom?
Buyers are clearly paying a high price to hold positions overnight, while sellers continuously push the price lower. Buyers seem to be running out of steam after the recent "fake" rally. The downward structure on the daily chart is still very clear.
The key factor will be whether the selling pressure is strong enough to break the nearest support. If it breaks, there is a high chance of a strong sell-off.
Wait for a clearer confirmation of the downward signal before acting, don't rush to catch the bottom.
Ready for short when there is a confirmation candle 📉
Buyers are clearly paying a high price to hold positions overnight, while sellers continuously push the price lower. Buyers seem to be running out of steam after the recent "fake" rally. The downward structure on the daily chart is still very clear.
The key factor will be whether the selling pressure is strong enough to break the nearest support. If it breaks, there is a high chance of a strong sell-off.
Wait for a clearer confirmation of the downward signal before acting, don't rush to catch the bottom.
Ready for short when there is a confirmation candle 📉
