📉 TECHNICAL ANALYSIS MONITORING — TRUTHUSDT | 4H
Scenario: selling pressure and a possible bearish reversal.
The technical analysis of TRUTHUSDT on the 4-hour chart identifies signs of an uptrend weakening following a strong rally and rejection near the high around 0.024000.
📊 Technical indicators analyzed:
EMA 9 and EMA 21: weakening buying strength, with downward pressure after the corrective move.
MACD: negative histogram and weakening buying momentum, indicating increased selling pressure.
RSI (50.12): neutral territory, with no definitive confirmation of seller dominance.
Stochastic: approaching oversold territory, with the possibility of a technical bounce.
Volume: significant increase during the move, reinforcing the importance of monitoring whether the correction continues.
🎯 Sell monitoring strategy:
The scenario favors watching for selling opportunities if the price confirms rejection at resistance levels and the continuation of the downtrend. The 0.0180 to 0.0200 area warrants attention as a potential resistance zone, while the 0.0160 to 0.0165 range should be monitored as possible support.
Scenario: selling pressure and a possible bearish reversal.
The technical analysis of TRUTHUSDT on the 4-hour chart identifies signs of an uptrend weakening following a strong rally and rejection near the high around 0.024000.
📊 Technical indicators analyzed:
EMA 9 and EMA 21: weakening buying strength, with downward pressure after the corrective move.
MACD: negative histogram and weakening buying momentum, indicating increased selling pressure.
RSI (50.12): neutral territory, with no definitive confirmation of seller dominance.
Stochastic: approaching oversold territory, with the possibility of a technical bounce.
Volume: significant increase during the move, reinforcing the importance of monitoring whether the correction continues.
🎯 Sell monitoring strategy:
The scenario favors watching for selling opportunities if the price confirms rejection at resistance levels and the continuation of the downtrend. The 0.0180 to 0.0200 area warrants attention as a potential resistance zone, while the 0.0160 to 0.0165 range should be monitored as possible support.