MARSCOIN dropped 12.8% while the 4H RSI sits at 33.7 — 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. 🤔
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 — sellers are running out of steam but buyers have not stepped in yet either.
🎯 Why Short?
Despite the low 4H RSI, the trend structure is bearish — 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.
📋 Trade Plan (SHORT):
• Entry: $0.0901 - $0.0973
• SL: $0.108 (above the SMA25 resistance)
• 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? 📊
#MARSCOIN #CryptoTrading #DYOR
⚠️ 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 — sellers are running out of steam but buyers have not stepped in yet either.
🎯 Why Short?
Despite the low 4H RSI, the trend structure is bearish — 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.
📋 Trade Plan (SHORT):
• Entry: $0.0901 - $0.0973
• SL: $0.108 (above the SMA25 resistance)
• 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? 📊
#MARSCOIN #CryptoTrading #DYOR
⚠️ Not financial advice. Do your own research. Never risk more than you can afford to lose.