🚨 UPDATE | $ONE / USDT (Harmony): Loss of the 7 EMA and Critical Test at the 25 EMA 📉⚡
Harmony $ONE increases its futures volume, reaching 907.05M USDT (233.45B ONE). In this new 1H session, the asset failed to consolidate above the previous bounce and is retreating toward the $0.0038191 zone, testing the dynamic support of the 25 EMA.
📊 Technical Analysis & Trading Levels (1H Chart):
• EMA Crossover and Pressure: Price is trading below the 7 EMA ($0.0038992) and directly presses the 25 EMA ($0.0036914). The 99 EMA ($0.0024731) marks the farthest macro support base.
• Immediate Resistance to Recover: $0.003899 (7 EMA) and the upper level at $0.004483.
• Key Support at Risk: $0.003691 (25 EMA). A 1H candle close below this area would confirm the weakening of the prior momentum and open the way toward $0.002681.
• Indicator Readings:
MACD: Maintains the bearish crossover, with histogram bars widening slightly (DIF: 0.0002281 / DEA: 0.0003184 / MACD: -0.0000902).
KDJ: All three levels are moving downward (K: 37.57 / D: 39.82 / J: 33.07), confirming the entry of short-term selling volume.
💡 Strategy & Risk Management:
The formation of multiple upper wicks indicates that sellers are responding to each quick bounce attempt.
• Retest Scenario (Long): Wait for the price to confirm a reversal candle on the 25 EMA ($0.003690) with buy-side volume before looking for long positions upward.
• Bearish Confirmation Scenario (Short): A definitive breakdown with a candle close below $0.003690 would enable a trade in favor of the bearish trend, targeting lower supports.
👇 What do you think about $ONE in this candle close? Will it hold the 25 EMA or look to liquidate Long positions lower? Share your perspective! 💬
#ONE #ONEUSDT #Harmony #Futures #BinanceSquare #TechnicalAnalysis #Altcoins
Harmony $ONE increases its futures volume, reaching 907.05M USDT (233.45B ONE). In this new 1H session, the asset failed to consolidate above the previous bounce and is retreating toward the $0.0038191 zone, testing the dynamic support of the 25 EMA.
📊 Technical Analysis & Trading Levels (1H Chart):
• EMA Crossover and Pressure: Price is trading below the 7 EMA ($0.0038992) and directly presses the 25 EMA ($0.0036914). The 99 EMA ($0.0024731) marks the farthest macro support base.
• Immediate Resistance to Recover: $0.003899 (7 EMA) and the upper level at $0.004483.
• Key Support at Risk: $0.003691 (25 EMA). A 1H candle close below this area would confirm the weakening of the prior momentum and open the way toward $0.002681.
• Indicator Readings:
MACD: Maintains the bearish crossover, with histogram bars widening slightly (DIF: 0.0002281 / DEA: 0.0003184 / MACD: -0.0000902).
KDJ: All three levels are moving downward (K: 37.57 / D: 39.82 / J: 33.07), confirming the entry of short-term selling volume.
💡 Strategy & Risk Management:
The formation of multiple upper wicks indicates that sellers are responding to each quick bounce attempt.
• Retest Scenario (Long): Wait for the price to confirm a reversal candle on the 25 EMA ($0.003690) with buy-side volume before looking for long positions upward.
• Bearish Confirmation Scenario (Short): A definitive breakdown with a candle close below $0.003690 would enable a trade in favor of the bearish trend, targeting lower supports.
👇 What do you think about $ONE in this candle close? Will it hold the 25 EMA or look to liquidate Long positions lower? Share your perspective! 💬
#ONE #ONEUSDT #Harmony #Futures #BinanceSquare #TechnicalAnalysis #Altcoins
