๐ข $W / $USDT | ๐ด SHORT | โญ 74.2%
๐ฏ Target: $0.009036. Is it still falling?
๐ฏ Trade levels:
๐ข Entry: $0.009286
๐ Stop Loss: $0.009436
๐ TP1: $0.009036
๐ TP2: $0.008986
๐ TP3: $0.008886
๐ Analysis:
The structure of $W / $USDT shows a confirmed triple top pattern which, together with the alignment of the EMAs (exponential moving averages) with the 20 crossing below the 50, reinforces the bearish bias. The ADX at 29.58 suggests a trend with moderate strength, while the RSI at 40.3 (a momentum indicator that measures the speed of price movement) still allows room to the downside before entering oversold territory. Persistent selling pressure and the OBV (on-balance volume indicator) declining validate the assetโs current weakness relative to the point of control (POC) at $0.0094265.
โ๏ธ Risk/Reward: 1:1.67
โฑ๏ธ Timeframe: 1H
๐ Technical Confidence: 4/5
The bearish thesis is invalidated if the price manages to consolidate above the stop loss at $0.009436, which would negate the current technical formation. Itโs essential to monitor absorption volume in the entry zone to confirm the continuation of the selling impulse toward the marked targets.
Do you think the support at $0.008945 will be enough to stop the drop, or will we see a break toward new lows?
๐ก This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #W #trading #Futures #Bearish
๐ฏ Target: $0.009036. Is it still falling?
๐ฏ Trade levels:
๐ข Entry: $0.009286
๐ Stop Loss: $0.009436
๐ TP1: $0.009036
๐ TP2: $0.008986
๐ TP3: $0.008886
๐ Analysis:
The structure of $W / $USDT shows a confirmed triple top pattern which, together with the alignment of the EMAs (exponential moving averages) with the 20 crossing below the 50, reinforces the bearish bias. The ADX at 29.58 suggests a trend with moderate strength, while the RSI at 40.3 (a momentum indicator that measures the speed of price movement) still allows room to the downside before entering oversold territory. Persistent selling pressure and the OBV (on-balance volume indicator) declining validate the assetโs current weakness relative to the point of control (POC) at $0.0094265.
โ๏ธ Risk/Reward: 1:1.67
โฑ๏ธ Timeframe: 1H
๐ Technical Confidence: 4/5
The bearish thesis is invalidated if the price manages to consolidate above the stop loss at $0.009436, which would negate the current technical formation. Itโs essential to monitor absorption volume in the entry zone to confirm the continuation of the selling impulse toward the marked targets.
Do you think the support at $0.008945 will be enough to stop the drop, or will we see a break toward new lows?
๐ก This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #W #trading #Futures #Bearish
