PCX is declining on the 1h timeframe, while the daily trend is moving sideways.
🔴 SHORT $SPCX /USDT: price is expected to FALL
Bias: SHORT · Bearish tilt
Entry: 148.81901 – 149.16099
TP1: 145.71429 (-2.2%)
TP2: 143.53049 (-3.7%)
TP3: 140.25478 (-5.9%)
SL: 153.35761 (+2.9%)
Plan: enter only within this zone, take half off at TP1, then move the stop loss to the entry point.
Note: confidence is only moderate, so keep position size small.
Why SHORT? 3/11 signals agree, with 0 opposing signals.
• 1h trend is bearish (price below EMA50 and EMA200)
• Sellers are in control (4h RSI is 25.4)
• Weaker than BTC (-2.20% over 24h versus BTC)
Simply put:
On the 1h timeframe, price is below both the 50-period and 200-period EMAs, while the 4h RSI is at 25.4, meaning sellers are currently in control. This setup seems suitable for entering a short trade, but the daily trend is moving sideways and the 4h trend is unclear, so confidence is only moderate. The entry zone is 148.81901 to 149.16099.
How do you think the invalidation level at 153.35761 will play out?
🔴 SHORT $SPCX /USDT: price is expected to FALL
Bias: SHORT · Bearish tilt
Entry: 148.81901 – 149.16099
TP1: 145.71429 (-2.2%)
TP2: 143.53049 (-3.7%)
TP3: 140.25478 (-5.9%)
SL: 153.35761 (+2.9%)
Plan: enter only within this zone, take half off at TP1, then move the stop loss to the entry point.
Note: confidence is only moderate, so keep position size small.
Why SHORT? 3/11 signals agree, with 0 opposing signals.
• 1h trend is bearish (price below EMA50 and EMA200)
• Sellers are in control (4h RSI is 25.4)
• Weaker than BTC (-2.20% over 24h versus BTC)
Simply put:
On the 1h timeframe, price is below both the 50-period and 200-period EMAs, while the 4h RSI is at 25.4, meaning sellers are currently in control. This setup seems suitable for entering a short trade, but the daily trend is moving sideways and the 4h trend is unclear, so confidence is only moderate. The entry zone is 148.81901 to 149.16099.
How do you think the invalidation level at 153.35761 will play out?