$EPIC /USDT – Bearish Momentum Observed
The price of EPIC is currently experiencing a downward move after a brief rally. The market saw a high of $2.379 but has since faced resistance and is now trading around $2.204, indicating a 3.21% drop in the last 24 hours.
Key Levels to Watch:
Support Level: $2.194 (recent low)
Resistance Level: $2.379 (recent high)
Next Trade Setup:
Entry Zone: Watch for any bounce near $2.20 to $2.22 for a potential reversal.
Target 1: $2.30 (a minor recovery level)
Target 2: $2.35 (if the price breaks above resistance)
Stop Loss: Below $2.15 to protect against a deeper pullback.
Market Overview:
The current trend is bearish, and the price action suggests a possible continuation of the downtrend unless a strong support is found. Traders should look for confirmation candles and volume spikes before entering long positions. Given the market's momentum, caution is advised, and focusing on short opportunities might be suitable for the short-term outlook.
Stay alert for any signs of reversal or further downside movement.