#cryptotradingpro #analises #TradingSignals

📉 Technical situation:

1️⃣ Candlestick chart (1 day):

• The price has fallen below the Bollinger Band (MB) — $106,438.26, which signals a weakening of the buying momentum.

• Bollinger Band Upper Limit (UP) — $111,225.02: unreachable in the near future without a strong momentum.

2️⃣ MACD:

• MACD = -971.27, crossing below the signal line.

• Signal to a further decline or a weak phase of the market.

3️⃣ RSI (Relative Strength Index):

• RSI(6) = 39.06 — a zone of neutral-low activity, close to oversold.

• RSI(12) = 49.43 — balancing on the edge of a trend resolution.

• The RSI value does not indicate a strong overbought or oversold condition, but the market is rather weak.

4️⃣ Volume (Vol):

• Trading volume is decreasing, indicating a loss of interest or expectation among traders.

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🧠 Trader's conclusion:

🔻 Short-term trend is down.

📉 Weakening momentum with the possibility of further decline to the lower Bollinger bands (~$101,650 or below).

⚠️ Potential entry point for shorts after confirmation by a support breakdown.

💡 For longs, it is better to wait for consolidation and confirmation of volume growth + positive MACD.