📉 $EPIC /USDT Aggressive Sell-off: Bearish Forecast & Trade Plan! 📉
$EPIC (Epic Chain) is plunging on Binance, dropping a steep -18.45% on the daily chart to trade at 0.2511! A heavy wave of selling pressure has seized the asset, with 9.33M USDT in 24-hour trading volume.
📊 Technical Breakdown
EMA Rejection: The price has slammed cleanly below the EMA(8, 13, 21) cluster (ranging from 0.2970 to 0.3100) with a massive engulfing red candle, turning the short-term structure heavily bearish.
Oversold RSI Spike: RSI(6) is deep in overextended oversold territory at 17.7, while the macro RSI(14) sits at 32.6. A minor localized dead-cat bounce is highly possible before further continuation downward.
🎯 Trade Forecast: Short Setup on Relief Bounce
Selling into a short-term counter-trend relief rally toward the broken structural resistance line offers the optimal risk-to-reward ratio.
⚡ Entry Zone: 0.2720 - 0.2880 (On a localized bounce)
💰 Take Profit: 0.2150 (Major support floor)
🛑 Stop Loss: 0.3020 (Safely above immediate EMA 8 resistance)
Trade $EPIC / $USDT Now! Follow & turn 🔔 on ✅
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