!!!!!!!!!!!!!!!!!!!!SHORT TRADE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Key Observations:
Price Action:
Current price: 0.00001350
Near the top of today's range (High: 0.00001351) but showing weak momentum.
Rejection near 0.00001360 (resistance zone).
Indicators:
RSI(6) = 47.87 (Neutral, slightly bearish bias as it's below 50).
MACD(12,26,9) = -0.00000001 (Weak bearish crossover, but not strongly confirmed).
MA(50) = 0.00001343 (Price is slightly above, but not a strong bullish hold).
Volume & Amplitude:
Low amplitude (0.37%) suggests consolidation.
No strong buying volume to push higher.
Short Trade Setup (If Confirmed):
Entry Zone: 0.00001350 - 0.00001355 (if rejection continues).
Stop Loss: Above 0.00001365 (if price breaks higher).
Take Profit Targets:
TP1: 0.00001340 (MA50 support).
TP2: 0.00001320 (next key support).
Confirmation Needed:
Wait for bearish candle close below 0.00001350.
If RSI drops below 45, strengthens the short signal.
If MACD turns more negative, confirms bearish momentum.
Risk Warning:
Low volatility may lead to sideways movement.
If price holds above 0.00001355, avoid shorting (risk of reversal).