$HIGH In this round, I'm opting to short. The price is hovering around 0.062200, and the action isn't neutral but aligns with the main structure.
Technically, I'm focusing on the two crucial points: the 4h price has broken below the MA7, and we have a bearish arrangement of MA7/25/99; the 4h RSI is at 28.6, indicating weakness, but if I'm chasing the short, I need to watch out for a potential bounce.
There are counter signals, though; the 1h MACD histogram is bullish, and the 4h MACD histogram is also bullish, so I won't stubbornly hold outside of the invalidation zone.
First support to watch is at 0.061293; if we reclaim 0.063107, I’ll abandon my bearish stance.
Once the direction is set, discipline is more crucial than guessing the next candlestick.
Technically, I'm focusing on the two crucial points: the 4h price has broken below the MA7, and we have a bearish arrangement of MA7/25/99; the 4h RSI is at 28.6, indicating weakness, but if I'm chasing the short, I need to watch out for a potential bounce.
There are counter signals, though; the 1h MACD histogram is bullish, and the 4h MACD histogram is also bullish, so I won't stubbornly hold outside of the invalidation zone.
First support to watch is at 0.061293; if we reclaim 0.063107, I’ll abandon my bearish stance.
Once the direction is set, discipline is more crucial than guessing the next candlestick.
