Short-term downtrend ⤴️️ Although there's a small bounce visible, overall the price is trading below the 25 EMA (0.01369) and 99 EMA (0.01375) — indicating bearish pressure. The 7 EMA (0.01328) is also curling down.
The recent lower high at 0.01405 and lower low at 0.01318 confirm this micro downtrend within the larger movement.
🔍 Indicators:
MACD: MACD line (-0.00001) is flat and slightly bearish, sitting below the signal line. No strong bullish momentum yet.
Volume: Recent candles show low volume, which means the bounce is weak and may not sustain without a catalyst.
DIF/DEA (MACD lines): Both are in negative territory — not yet bullish, although showing signs of flattening out (possible consolidation).
$BROCCOLI714 Price is below both EMA7 and EMA25, showing short-term downtrend pressure. EMA99 (0.04948) acts as near-term support, if price breaks below it → could dip to 0.048–0.047 area.
🔻MACD histogram is still red, confirming bearish momentum.
🎯 Conservative TP: $0.0525–$0.0530 (likely small bounce zone) If market recovers fast: $0.055–$0.056 max before correction
⚠️ Risk Tip If BTC continues sideways or dips, $BROCCOLI714 could test $0.049 again. Best approach:
👉 Enter only if confirmed bounce above EMA7 (0.0521) with rising volume. 👉 TP around $0.0528–0.053 to stay safe today.
📊 Trend Analysis The short EMAs (7 & 25) are below the long EMA (99) → indicating downtrend pressure. Price is slightly below the EMAs (7 & 25) → losing short-term strength. MACD is barely above zero but flattening → momentum is weak, possibly sideways → bearish soon. Volume is low — no strong buying momentum to lift price yet.