$MARSCOIN en 4H: Are you looking for support or a continuation of the downtrend? 📉⚡
After a strong correction from the 0.17129 peak, the MARSCOIN/USDT pair is trading at 0.10813 (-1.80%) on the 4-hour timeframe.
The market structure shows the three moving averages aligned downward above the price: the EMA 7 (0.11072) acts as immediate resistance, while the EMA 25 (0.12207) and the EMA 99 (0.12526) have confirmed the trend change in the medium term. However, the KDJ signals extreme oversold conditions (K: 16.3, D: 17.0, J: 14.9), suggesting a possible exhaustion of intraday selling pressure.
Technical Bounce Scenario: If the price manages to break above the EMA 7 (0.11072), we could see a relief move targeting the retest zone at 0.1189 or the EMA 25.
Continuation Scenario: Losing the recent 24h low at 0.10352 would pave the way to seek liquidity lower down, toward the key support area at 0.08548.
In marked downtrends, opening longs at market just because of oversold conditions is usually dangerous. Discipline requires waiting for reversal patterns or using strategic limit orders.
Do you expect a relief bounce from these levels, or do you expect a retest of the 0.085 support? I’d love to hear your thoughts below. 👇👀
$MARS #MarsCoin #MARSCOIN #BinanceSquare #Futures #PriceAction #CryptoTrading
After a strong correction from the 0.17129 peak, the MARSCOIN/USDT pair is trading at 0.10813 (-1.80%) on the 4-hour timeframe.
The market structure shows the three moving averages aligned downward above the price: the EMA 7 (0.11072) acts as immediate resistance, while the EMA 25 (0.12207) and the EMA 99 (0.12526) have confirmed the trend change in the medium term. However, the KDJ signals extreme oversold conditions (K: 16.3, D: 17.0, J: 14.9), suggesting a possible exhaustion of intraday selling pressure.
Technical Bounce Scenario: If the price manages to break above the EMA 7 (0.11072), we could see a relief move targeting the retest zone at 0.1189 or the EMA 25.
Continuation Scenario: Losing the recent 24h low at 0.10352 would pave the way to seek liquidity lower down, toward the key support area at 0.08548.
In marked downtrends, opening longs at market just because of oversold conditions is usually dangerous. Discipline requires waiting for reversal patterns or using strategic limit orders.
Do you expect a relief bounce from these levels, or do you expect a retest of the 0.085 support? I’d love to hear your thoughts below. 👇👀
$MARS #MarsCoin #MARSCOIN #BinanceSquare #Futures #PriceAction #CryptoTrading
