#MuskAmericaParty
๐ Price & Moving Averages (EMA)
Current Price: $107,969.32
EMA(7): $108,045.05 (price below short-term average)
EMA(25): $108,105.55
EMA(99): $108,175.06
๐ป Price is below all EMAs, indicating a short-term bearish trend and weakening momentum.
๐ MACD (Moving Average Convergence Divergence)
MACD line: -42.90
Signal line (DEA): -38.70
MACD Histogram: -4.20
๐ป The MACD is negative and diverging slightly downward, signaling bearish momentum.
๐ RSI (Relative Strength Index)
RSI(6): 35.46
๐ This is close to the oversold zone (<30) but not yet oversold. It suggests weak buying pressure and potential for more downside before a bounce.
๐ Volume
Volume is decreasing slightly, showing less interest in buying at the current level. This often happens before further drops or consolidations.
๐ Key Support & Resistance
Support Level: ~$107,245
Resistance Level: ~$108,420
โ Conclusion:
The market shows a bearish bias in the short term:
Price is below all major EMAs.
MACD is negative and not showing bullish crossover.
RSI is near 30 but not yet signaling a reversal.
๐ Next Steps (Strategy Suggestions):
ScenarioAction๐ป If it breaks below $107,245Short (Sell) โ bearish continuation confirmed๐ If it consolidates above $108k with volumeWait โ possible sideways action๐ผ If RSI dips below 30 then bouncesWatch for Long (Buy) โ possible reversal signal
Short-term bias: Bearish
Use tight stop-losses due to possible volatility.
