trades at /bin/sh.01572, reflecting a sharp 10.22% drop in the last 24 hours. The asset has broken below its recent support, testing the /bin/sh.01493 low with limited buying interest visible so far.
The 4h RSI sits at 38.3, indicating bearish momentum but not yet oversold conditions. This suggests further downside potential before a meaningful reversal. Recommendation: WAIT. Avoid catching the falling knife until the RSI dips below 30 or price stabilizes above the /bin/sh.0160 resistance. Look for a confirmed bounce with volume before entering long positions.
Risk management tip: Use tight stop-losses below the /bin/sh.01493 low and limit position size to 1-2% of your portfolio to protect capital during high-volatility moves.
#Crypto #Trading
The 4h RSI sits at 38.3, indicating bearish momentum but not yet oversold conditions. This suggests further downside potential before a meaningful reversal. Recommendation: WAIT. Avoid catching the falling knife until the RSI dips below 30 or price stabilizes above the /bin/sh.0160 resistance. Look for a confirmed bounce with volume before entering long positions.
Risk management tip: Use tight stop-losses below the /bin/sh.01493 low and limit position size to 1-2% of your portfolio to protect capital during high-volatility moves.
#Crypto #Trading
