$MARSCOIN The 0.0800 level failed to hold, so bears are still in control in the short term.
Market details:
- Of the last 10 15m candles, 7 closed lower, with an average change of -0.18%. Bounces have had little staying power.
- Trading volume in the closing session was only 3983, far too weak to suggest meaningful buying interest below.
- The latest price is 0.07947. The 0.0800 level has now turned into resistance, and the breakdown triggered short-term stop-loss orders.
- There is currently no independent positive catalyst; the price is mostly pulling back along with the meme sector.
Short-term strategy:
Bearish: If a bounce to 0.0800–0.0805 fails, consider a small short position. Set a stop above 0.0820, with targets at 0.0770–0.0750.
Aggressive long: If the price plunges to 0.0745–0.0750 and a high-volume bullish candle appears, consider a rebound trade. Set a stop below 0.0730, with a target of 0.0800.
Conservative: Wait for a 15m candle to reclaim 0.0805 with rising volume before entering a long position.
Don't try to catch a falling knife during a weak market. Use strict stop-losses, and DYOR!
#MARSCOIN #短线交易 #Cryptocurrency
Market details:
- Of the last 10 15m candles, 7 closed lower, with an average change of -0.18%. Bounces have had little staying power.
- Trading volume in the closing session was only 3983, far too weak to suggest meaningful buying interest below.
- The latest price is 0.07947. The 0.0800 level has now turned into resistance, and the breakdown triggered short-term stop-loss orders.
- There is currently no independent positive catalyst; the price is mostly pulling back along with the meme sector.
Short-term strategy:
Bearish: If a bounce to 0.0800–0.0805 fails, consider a small short position. Set a stop above 0.0820, with targets at 0.0770–0.0750.
Aggressive long: If the price plunges to 0.0745–0.0750 and a high-volume bullish candle appears, consider a rebound trade. Set a stop below 0.0730, with a target of 0.0800.
Conservative: Wait for a 15m candle to reclaim 0.0805 with rising volume before entering a long position.
Don't try to catch a falling knife during a weak market. Use strict stop-losses, and DYOR!
#MARSCOIN #短线交易 #Cryptocurrency