• Entry: 0.885 – 0.895
• Stop-loss (STL): 0.910 (cut when the price breaks above the Kumo cloud + breaks the horizontal resistance zone + POC volume)
• Take-profit (TP):
• TP1: 0.860
• TP2: 0.830
• TP3: 0.805 (gradually close according to volume support areas + old lows)
⛔ Note: This is a short order according to the main downtrend, combined with several weak signals from the Ichimoku cloud, MACD divergence, and volume analysis – suitable for trend-following trading style, not bottom-fishing.
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🔎 Explanation of suggested order:
1. Ichimoku:
• The price is below the red Kumo cloud and cannot close a candle above Tenkan – indicating that the downtrend still controls the market.
• The Kumo cloud ahead is thick red, with no reversal gaps → expecting further decline.
• The price is currently testing the cloud but lacks the force to break → signs of continued rejection at the resistance area of 0.89 – 0.90.
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2. Volume Profile & Delta:
• POC volume + large volume cluster located at 0.89 – 0.91 → heavy resistance area.
• The buying force that pushed up earlier (34.667M volume) was sold off after the drop with a negative delta of -811K → indicating that the selling side is aggressively liquidating.
• Currently, the price has no new volume to absorb the selling force → if it breaks 0.86, it will trigger a panic sell deeper.
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3. MACD:
• MACD just slightly crossed up, but the histogram is weak and has not confirmed a sustainable uptrend.
• The signal line is still below 0 and is moving sideways → weak rebound signal, difficult to completely reverse.
• Suitable to enter a short order when MACD does not have enough force to confirm a return to increase.
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📌 Conclusion:
MEUSDT is weakly accumulating after a dump, and is facing significant resistance at the range of 0.89 – 0.90. There are no strong money flow signals, combined with a bearish technical structure, this is a short setup in line with the downtrend, with a short SL area and good R:R.
Aim to short in the range of 0.885 – 0.895, if the price fails to break through the Kumo cloud and confirm a reversal, expecting to test old lows again.
