$EPTUSDT 1. Price and market situation:
• Current price: 0.013014 USDT
• Sharp decline: -26.89% in 24h
• 24h highest price: 0.018515
• 24h lowest price: 0.012210
• This is a very strong bearish pattern right after the token just listed or just pumped hard => very high risk
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2. EMA and trend:
• EMA(7): 0.013338 (price is below EMA7)
• MA(5) and MA(10) are both trending down, EMA is also acting as resistance.
=> Assessment:
• Short-term trend is still bearish, no clear reversal signal yet.
• Price is still “drifting” below EMA7, indicating strong selling pressure.
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3. Volume:
• Volume is gradually decreasing over time => sellers are no longer aggressive, but buyers have not returned yet.
• Signs of light sideways accumulation, waiting for a significant reaction.
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4. RSI:
• RSI(6): 27.32
• RSI(12): 25.01
=> Assessment:
• RSI is in the oversold region, very close to the 20–30 mark
• There is a possibility of a short-term pullback or technical rebound.
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5. Candlestick pattern and price structure:
• A long red candle can be seen from the peak of 0.018515 to the bottom of 0.012210
• Price then had a few small doji candles fluctuating tightly around 0.013 => creating a weak accumulation base.
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6. Trading strategy:
If you want to Short (short-term preferred):
• Entry: If the price rebounds to the range of 0.0135 – 0.0140 (near EMA7)
• SL: Above 0.0148
• TP1: 0.0125
• TP2: 0.0122 (previous low)
If you want to Long at the bottom (high risk):
• Only enter very lightly when the price returns to the range of 0.0122 – 0.0124 (test the bottom for the second time)
• SL: Below 0.0119
• TP1: 0.0133 (EMA7)
• TP2: 0.0145 if there is a rebound
=> Priority: Short when it rebounds to the resistance zone EMA7 (0.0135 – 0.014)
=> Long is only for extremely risky bottom fishing, must have tight SL.