📉 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. 💰
