Brief Technical Analysis for C/USDT Pair:
📉 General Trend:
The pair is clearly in a downward trend in the short term, with the price below the moving averages (EMA 50, 150, 200).
📊 Moving Averages:
EMA 50 = 0.2489 (close to the current price)
EMA 150 = 0.2512
EMA 200 = 0.2524
The price remains below the distant averages, indicating continued selling pressure.
📌 Support and Resistance:
Near Support: 0.2470
Near Resistance: 0.2516
Breaking resistance at 0.2516 could push the price towards 0.2550.
📈 Technical Signal:
There is a bullish candle trying to break above EMA 50, and if it holds above it with good trading volume, there may be an attempt to rise towards resistance.
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🎯 Suggested Trade (Short Speculation):
Entry: 0.2490 – 0.2494
Target: 0.2515 – 0.2520
Stop Loss: 0.2470
Risk to Reward Ratio: Good (approximately 2:1)