$EURI (Spot · Short)
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On the higher timeframes, the price has fallen below the 99-day moving average, the 7-day moving average is below the 25-day moving average, and the moving averages are in a bearish alignment. The MACD fast line has crossed below the slow line and is below the zero line, so the trend still favors the bears.
On the 1-hour chart, the rally is occurring on declining volume (volume ratio: 0.6, indicating weak momentum). Price is in the lower channel zone (position: 2%), and the MACD fast line has crossed below the slow line, with the histogram expanding below the zero line. The higher-timeframe outlook is weak, leaving limited room for a short-term rebound from oversold conditions; bearish momentum has the edge.
Short-term view, 15m: lower channel zone (position: 23%).
Overall, the higher-timeframe outlook is weak, and the room for a short-term rebound from oversold conditions is limited. Follow the trend and go short; don't try to catch a bottom against the trend.
If you want to follow: entry $1.1167, stop loss $1.1198, target $1.11206.
This is not investment advice. Copy trades with caution.
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On the higher timeframes, the price has fallen below the 99-day moving average, the 7-day moving average is below the 25-day moving average, and the moving averages are in a bearish alignment. The MACD fast line has crossed below the slow line and is below the zero line, so the trend still favors the bears.
On the 1-hour chart, the rally is occurring on declining volume (volume ratio: 0.6, indicating weak momentum). Price is in the lower channel zone (position: 2%), and the MACD fast line has crossed below the slow line, with the histogram expanding below the zero line. The higher-timeframe outlook is weak, leaving limited room for a short-term rebound from oversold conditions; bearish momentum has the edge.
Short-term view, 15m: lower channel zone (position: 23%).
Overall, the higher-timeframe outlook is weak, and the room for a short-term rebound from oversold conditions is limited. Follow the trend and go short; don't try to catch a bottom against the trend.
If you want to follow: entry $1.1167, stop loss $1.1198, target $1.11206.
This is not investment advice. Copy trades with caution.