$: Strong Rejection at Trendline Resistance: $ Short Entry
SHORT SETUP
Entry: $0.56800 - $0.57200
Stop Loss: $0.59000
Take Profit: $0.53000 (2R)
Key Levels: Support $0.52640 | Resistance $0.56630
Technical Analysis for $: MACD sits below its signal with a negative histogram, while price trades under the EMA9, EMA21 and EMA50, indicating bearish momentum. RSI at 43 and Stochastic K around 27 suggest weakening strength. ADXs 13 signals a soft trend. With the 1hour resistance at 0.5663, the setup leans short overall short bias.
Market Context: BTC is in a bearish 4hour trend, down 2.3% on the day, and the broader market is 91.8% red, indicating overall negative
SHORT $币安人生
SHORT SETUP
Entry: $0.56800 - $0.57200
Stop Loss: $0.59000
Take Profit: $0.53000 (2R)
Key Levels: Support $0.52640 | Resistance $0.56630
Technical Analysis for $: MACD sits below its signal with a negative histogram, while price trades under the EMA9, EMA21 and EMA50, indicating bearish momentum. RSI at 43 and Stochastic K around 27 suggest weakening strength. ADXs 13 signals a soft trend. With the 1hour resistance at 0.5663, the setup leans short overall short bias.
Market Context: BTC is in a bearish 4hour trend, down 2.3% on the day, and the broader market is 91.8% red, indicating overall negative
SHORT $币安人生