📉 Current Market Overview:

Last Price: $3.4034

24h High: $3.5460

24h Low: $3.3476

Change: –2.58% (bearish move)

Mark Price: $3.4049

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🔍 Indicators Breakdown:

🔴 RSI (6): 32.85

> This is close to the oversold zone (30), suggesting the price may bounce soon — but it's not confirmed yet.

🔻 MACD:

MACD Line: -0.0045

Signal Line: -0.0052

> Both lines are in negative territory and diverging downward = bearish momentum continues.

📊 Moving Averages (MA):

MA(7): 3.4191

MA(25): 3.4393

MA(99): 3.4420

> Short-term price is under all major MAs → confirms downtrend.

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💡 What You Can Do:

🔴 For Short (SELL) Position:

Now is a good moment for shorting if you're riding the trend.

Ideal if price breaks below $3.40 support area with volume.

Use stop-loss around $3.42–$3.43 to avoid a fakeout.

🟢 For Long (BUY) Position:

RSI nearing 30 means price is oversold — possible bounce soon.

But wait for a bullish confirmation (like a green engulfing candle or RSI turning up).

Safer long entry if price reclaims above MA(7) and RSI crosses 40.

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⚠️ Final Thoughts:

> Market is clearly bearish, but nearing potential bounce zone. Trade wisely. Set SL (Stop Loss) always. 💰

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