#Write2Earn
Chart Overview
Current Price: $0.6351
7-Day MA: $0.6755 (above current price – bearish)
MACD: Bearish (MACD line = -0.0034, under signal line)
RSI (6): ~30.16 (near oversold zone – potential bounce)
Recent Low: $0.6174
Volume: Stable, no unusual surge
📉 Bearish Signals
Downward trend continues with lower highs and lower lows.
Price below all key MAs (7, 25, 99) – signaling strong selling pressure.
MACD histogram remains negative – momentum is weak.
RSI near 30 – oversold, but no reversal yet.
🔮 Next Move Suggestion
🔻 Short-Term Bearish Bias (unless reversal confirmation)
If $0.6174 support breaks, expect next test near $0.60 – $0.585.
Volume isn’t spiking, so breakdown could be gradual unless triggered by news.
🔼 Watch for Bounce if:
RSI crosses above 35 (reversal hint)
Price closes above $0.6550 with volume (would break 7-day MA)
📌 Strategy Tips
For Traders:
Wait for a confirmation candle above $0.655 to consider long scalp.
Or short below $0.617 with tight SL if breakdown confirms.
For Investors:
DCA approach if you're bullish long-term.
Strong support zones to watch: $0.60 →
