• Consolidation with a weak downward trend
Main Reason: Bearish MACD signal and price below EMA indicate seller dominance. However, the RSI approaching oversold may limit drastic declines. If the price fails to rise above 0.1910 (EMA20), the potential drop to 0.1855 (depth support).
Important Levels:
- Resistance: 0.1910 (EMA20), 0.2004 (24-hour high).
- Support: 0.1855, 0.1777 (depth level).
• Instructions:
- Sell: if the price fails to break through 0.1910 or falls below 0.1890.
- Buy only if there is confirmation of a rebound with high volume and a breakout above 0.1910
- Stop-loss: 0.1875 for risk protection.