📢 TRADING SIGNAL: $BIAN / $USDT
🔴 Direction: SHORT
📊 Confidence: 67.5%
📉 Technical analysis:
The technical structure indicates a consolidated bearish trend in both HTF (4h) and a smaller timeframe, supported by a bearish MACD crossover (-0.0066) and an RSI at 37.86 confirming the asset’s weakness. Price is trading below the EMA20 (0.519) and the EMA50 (0.526), while buy absorption in volume versus resistance at $0.533 suggests a prevailing selling pressure.
🎯 Trading levels:
🟢 Entry: $0.5095
🛑 Stop Loss: $0.52195
🏁 TP1: $0.4929
🏁 TP2: $0.48875
🏁 TP3: $0.48045
⚖️ Risk/Reward ratio: 1:1.33
⏱️ Timeframe: 1H
📐 Confluence: 4/5
The key level to watch is the immediate support at $0.5034; its break will confirm the continuation of the downtrend, with the main risk being a bullish bounce toward resistance at $0.533.
#crypto #BIAN #trading