MARSCOIN is dumping 15% and the chart looks like a falling knife. šŖ
RSI 37 on 4H ā weak and getting weaker. MACD histogram negative and expanding. Volume is thin (0.48x average) which means there's no real buying support underneath.
š Why This Trade:
Price is below ALL moving averages on 4H. L/S ratio at 1.14 ā not heavily shorted yet, so the squeeze risk is low. This is a momentum short riding the downtrend.
šÆ Trade Plan (SHORT):
ā¢ Entry: $0.0984 ā $0.1072
ā¢ Stop Loss: $0.1203 (above SMA7 4H)
ā¢ TP1: $0.0955
ā¢ TP2: $0.0886
Does MARSCOIN find support here or is this going lower? Bears or bulls ā who wins? š
#MARSCOIN #CryptoTrading #DYOR
ā ļø Not financial advice. DYOR. Crypto is volatile ā never risk more than you can afford to lose.
RSI 37 on 4H ā weak and getting weaker. MACD histogram negative and expanding. Volume is thin (0.48x average) which means there's no real buying support underneath.
š Why This Trade:
Price is below ALL moving averages on 4H. L/S ratio at 1.14 ā not heavily shorted yet, so the squeeze risk is low. This is a momentum short riding the downtrend.
šÆ Trade Plan (SHORT):
ā¢ Entry: $0.0984 ā $0.1072
ā¢ Stop Loss: $0.1203 (above SMA7 4H)
ā¢ TP1: $0.0955
ā¢ TP2: $0.0886
Does MARSCOIN find support here or is this going lower? Bears or bulls ā who wins? š
#MARSCOIN #CryptoTrading #DYOR
ā ļø Not financial advice. DYOR. Crypto is volatile ā never risk more than you can afford to lose.