The 4H trend is decidedly Bearish, characterized by a steep decline followed by a corrective pullback. Price is currently testing a significant area of dynamic resistance at the 4H EMA 25 (approx. 0.01646), which has consistently capped upside moves during this downtrend.
The trigger for a short entry is forming as bullish momentum wanes at this key resistance. On the 4H, the RSI is approaching the 50 midline from below, a classic area for rejection in a bear trend. On the 1H/15m, this price action translates to the RSI failing to sustain bullish momentum, likely showing signs of a bearish divergence or a sharp rejection as it crosses back below 50. Entering now is a high-probability trade because we are shorting a weak bounce directly into established overhead resistance, betting on the continuation of the dominant bearish trend. The recent volume spike is fading, suggesting buyer exhaustion.
Actionable Setup Now (SHORT)
Entry: market at 0.01610
TP1: 0.01455
TP2: 0.01320
TP3: 0.01210
SL: 0.01765
RLSUSDT
Perp
0.014234
-4.00%
ZECUSDT
Perp
405.68
-8.69%