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Technical Analysis:
Time Frame: 4 Hours
🔹 General Trend:
Current Price: 161.82 USDT
The price has decreased by -3.92% over the past 24 hours.
The short-term general trend shows a downward correction after a temporary rise.
🔹 Technical Indicators:
1. Moving Averages (EMA):
The price is trading below EMA 7 (164.54) and EMA 25 (165.89) and EMA 99 (172.75) ➤ A negative signal reinforcing the downward trend in the short term.
2. Relative Strength Index (RSI):
RSI at 37.66 ➤ In a zone close to oversold but has not reached 30 yet.
This may indicate a potential near-term reversal, but no confirmation yet.
3. MACD Indicator:
MACD: 0.47 and signal line -1.76 ➤ There is a negative crossover, supporting the continuation of the decline.
4. Trading Volume:
There is a noticeable increase in trading volume with bearish candles ➤ Clear selling pressure.
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✅ Recommendation:
Trade Type Suggested Price Targets Stop Loss
Buy Entry (Speculative) 155 - 158 USDT 166 then 172 USDT 152 USDT
Sell Entry (Short-term) If it breaks 160 with a 4-hour close 154 then 148 USDT 165 USDT
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🔔 Notes:
Entering now is considered a high risk without strong reversal signals.
It is preferable to wait for a strong reversal candle (bullish engulfing or pin bar) or a positive crossover in MACD before entering a buy.
The level 155.83 is a strong previous support – breaking it with a close will increase the chances of a decline.
Safe selling is at the break of support 160 with a clear close.
