🚨 Current Price: $0.18875 (-8.01%)
📊 Market Trend: Strong downtrend with lower highs & lower lows.
Key Observations:
🔹 Support & Resistance Levels:
✅ Holding near $0.1866 – if broken, next support at $0.1742.
✅ Resistance at $0.2286, a breakout above may reverse the trend.
✅ If bearish pressure continues, further downside to $0.16 - $0.14 is possible.
🔹 Indicators:
✅ EMA (20 & 50): Sloping downward → Bearish confirmation.
✅ MACD: Negative, confirming selling pressure.
✅ Stochastic RSI & Williams %R: Oversold – a short-term bounce possible.
✅ Volume: Decreasing, showing weak buying interest.
Trading Strategy 📈📉
💰 Spot Trading:
🔹 Entry: Buy near $0.1742 - $0.1866 (if support holds).
🔹 Exit (TP): $0.22 - $0.24 (if a bounce occurs).
🔹 Stop-Loss: Below $0.17 to manage risk.
📉 Futures Trading (Short Bias 🚀):
🔹 Entry: Short near $0.195 - $0.205 (if price rejects resistance).
🔹 Exit (TP): $0.175 - $0.16 for profits.
🔹 Stop-Loss: Above $0.215 (to avoid breakout traps).
⚠️ Conclusion:
While a temporary bounce may occur due to oversold conditions, the overall trend remains bearish. Watch key levels before entering trades!
