🔎 Market Analysis (1H)
✅ What we see:
Price: $1.42704
RSI(6): 36.07 → RSI is very low, meaning the market is almost in the oversold zone.
Previous Low: $1.26726 → High: $1.56745 → There has been a big upmove, now a correction is underway.
Current Trend: Downtrend (pullback underway)
Buyer/Seller Sentiment:
🔴 Sell: 72.67%
🟢 Buy: 27.33%
→ Bearish sentiment is now evident in the market.
📉 Short or 📈 Long?
🔻 Reasons for taking a short entry:
RSI is not oversold, but low — selling pressure is high.
The market is continuously falling from $1.567.
The trend is down so far (lower highs, lower lows).
But... RSI is now 36, meaning that if it goes too low, the price may rebound.
📌 Suggestion:
🔥 Conservative Short Entry:
If the price closes below $1.42 or below $1.40 — then confirmed short.
Target: $1.38 / $1.35
Stop Loss: A little above $1.45
🛑 Long Entry Not Now:
RSI is not oversold, but it is close, but there is no confirmation of a bounce.
If the price gives a strong candle above $1.45+, then it can be considered.
✅ Final Decision:
👉 Taking a Short Entry is safer considering the current market,
but take an entry after seeing the confirmation candle, otherwise you may be in danger if the RSI bounces
