#BinanceSquareTalks
The RSI is at 47.64, which is in the neutral zone (not overbought >70 or oversold <30).This indicates there’s no extreme buying or selling pressure, but it’s slightly leaning toward the bearish side since it’s below 50.
Short (Sell): The overall trend is bearish (price below EMAs, negative MACD, RSI below 50). You can consider a short position if you’re looking to capitalize on the continued downward momentum.
Entry Point: You can enter a short position around the current price of 0.00001321.
Target: Look for a potential target near the recent low of 0.00001028 (April 25, 2025), or monitor for further support levels.
Stop Loss: Place a stop loss above the EMA(25) at 0.00001341 to protect against a sudden reversal.
A long position isn’t advisable right now due to the bearish trend. However, if the price breaks above the EMA(25) at 0.00001341 and RSI moves above 50, it could signal a trend reversal. Additionally, wait for the MACD to turn positive (blue bars) for confirmation of bullish momentum.
