$42 – 4H Chart Analysis
Price is trading below EMA(7), EMA(25), and EMA(99).
All EMAs are sloping downward → strong bearish trend.
Price can’t even reclaim EMA(7), which means momentum is heavily bearish.
RSI (6)
RSI ≈ 20
Deep in the oversold zone, meaning the market is extremely weak.
Oversold can cause a small bounce, but the trend is still bearish.
Clear lower highs + lower lows.
Price broke the support around 0.05649, showing bearish continuation.
Volume
Most of the recent spikes are sell volume, not buy volume.
That supports downtrend continuation.
🔴 Short Position — Higher Probability
Entry : 0.058 - 0.059
SL : 0.061 - 0.062
TP1: 0.055
TP2: 0.052
TP3: 0.048
Based on trend + EMA rejections + structure, short is the safer and stronger setup.
A long position right now is only a counter-trend bounce (not safe).
Only consider long IF:
Price forms a double-bottom near 0.05650
RSI shows bullish divergence
🟢Long Setup = High Risk
SL: 0.05530
TP: 0.059 – 0.063
#42USDT #FutureTarding #BinanceSquareFamily