#SLAY
Let me simplify the picture based on the indicators shown in the chart 👇
1. Current Price
Price: $0.028295
Today's Drop: -12.77% → This means there is clear selling pressure.
2. Indicators (EMA)
EMA7 = 0.028426 (shorter)
EMA25 = 0.028801
EMA99 = 0.030120
➡ The price is below all moving averages (EMA7, EMA25, EMA99) which is likely a bearish signal.
3. MACD Indicator
DIF = -0.000264
DEA = -0.000223
MACD = -0.000041
➡ All values are negative → This means the overall trend is still downward, and there is no strong buying momentum currently.
4. Candles
The last candle has made a small rebound from 0.028103 (temporary support), but the overall trend is still downward.
If it breaks the support at 0.0280, it could drop further.
The nearest resistance is at 0.0293 – 0.0300, and if it cannot break through, it will continue to drop.
---
✅ Summary:
Currently, the short-term trend is downward.
There is a possibility of a slight rebound (correction) from the support at 0.0280, but the overall picture still does not show strong upward movement unless the price returns above 0.0300 with high trading volume.
⚠️ Advice: If you are thinking of entering, be aware that the currency is volatile and risky, and it is better to wait for a clear upward signal (breaking resistance + strong trading volume).