🟡 EUR/USDC: Small Bounce or Dead Cat? 🟡

Right now, EUR/USDC is sitting at $1.1626, barely up +0.32% — and let’s be real
 the chart still looks weak overall.

📉 Price has been in a steady downtrend

📉 MA60 trending downward — we’re still below it

📉 Order book is bearish AF — 69.5% of the pressure is on the sell side

🔍 24H Range:

‱ High: $1.1684

‱ Low: $1.1587

Pretty tight range, but that little bounce off the lows is what caught my eye 👀

Here’s what I see:

‱ We had a sharp drop, but price tried to push back up into the 1.162x zone

‱ MA60 is still acting as dynamic resistance — nothing impressive yet

‱ Bulls need to reclaim $1.1640+ with volume to flip this

📊 Momentum is dull:

‱ 7D: -0.65%

‱ 30D: +1.27%

‱ 90D: +2.12%

‱ 180D: +12.68%

‱ 1Y: Just +6.41%

So yeah, long-term isn’t bearish, but this current setup? Still mid.

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⚠ If you’re thinking of a long position:

Wait for confirmation. Don’t jump in just because it’s green today.

I’d want to see a breakout above $1.164–$1.165

Otherwise, this is just a bounce in a downtrend
 and we’ve all been wrecked by those before 😅

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📌 TL;DR:

This ain’t the cleanest long just yet — but it’s one to keep on your radar.

Play the trend, not your emotions.

#EURUSDC #BinanceChart #ForexOnChain