MARSCOIN dropped 12.8% while the 4H RSI sits at 33.7 ā that is textbook oversold. But here is the twist: daily RSI is perfectly neutral at 50 and MACD is flat at zero. This coin is at a crossroads. š¤
Price at $0.0937 has fallen below both SMA7 ($0.0966) and SMA25 ($0.1127) on the 4H. Volume is declining at 0.68x normal ā sellers are running out of steam but buyers have not stepped in yet either.
šÆ Why Short?
Despite the low 4H RSI, the trend structure is bearish ā price below key moving averages, declining volume on bounces means no real demand. Long/short ratio at 1.02 is perfectly balanced, meaning there is no contrarian signal yet.
š Trade Plan (SHORT):
ā¢ Entry: $0.0901 - $0.0973
ā¢ SL: $0.108 (above the SMA25 resistance)
ā¢ TP1: $0.087 | TP2: $0.085 | TP3: $0.081
Wait for a bounce to the $0.097 area for a better short entry.
Oversold bounce incoming or more pain ahead? What would you do? š
#MARSCOIN #CryptoTrading #DYOR
ā ļø Not financial advice. Do your own research. Never risk more than you can afford to lose.
Price at $0.0937 has fallen below both SMA7 ($0.0966) and SMA25 ($0.1127) on the 4H. Volume is declining at 0.68x normal ā sellers are running out of steam but buyers have not stepped in yet either.
šÆ Why Short?
Despite the low 4H RSI, the trend structure is bearish ā price below key moving averages, declining volume on bounces means no real demand. Long/short ratio at 1.02 is perfectly balanced, meaning there is no contrarian signal yet.
š Trade Plan (SHORT):
ā¢ Entry: $0.0901 - $0.0973
ā¢ SL: $0.108 (above the SMA25 resistance)
ā¢ TP1: $0.087 | TP2: $0.085 | TP3: $0.081
Wait for a bounce to the $0.097 area for a better short entry.
Oversold bounce incoming or more pain ahead? What would you do? š
#MARSCOIN #CryptoTrading #DYOR
ā ļø Not financial advice. Do your own research. Never risk more than you can afford to lose.