What's happening:
Big red candles: Strong selling pressure just happened.
Price dropped below 25 EMA (pink) and is now testing the 99 EMA (purple). This usually means momentum is bearish in the short term.
MACD: Strongly negative — MACD line is far below signal line with increasing red bars. This confirms bearish momentum.
RSI is 13.86 — this is extremely oversold (below 30 is oversold, 13 is very deep). Often this signals a possible short-term bounce, but not guaranteed.
Should you enter now?
Not yet.
Even though the RSI is low (suggesting a bounce could happen), the trend is still strongly down and momentum is bearish.
Better plan:
Wait for confirmation — let a green candle form with volume near support (~92,500 - 92,600 zone).
Watch RSI — if it starts to climb from this low area and MACD starts to flatten or curve up, that could be your entry signal.
Set tight stop-loss — because it’s still risky until momentum shows signs of reversal.
If you're scalping, a quick bounce trade is possible, but if you're playing safe — wait for signs of reversal first.
Do you want to trade short-term (scalping/day trade), or hold for longer?
