💥AIN/USDT: bull trap in a downtrend? Analysis and trading plan
AIN/USDT on the 1h chart shows a sharp +6.24% rebound, but the structure remains bearish: the price is trading below EMA21 (0.05588), EMA50 (0.05738), and EMA99 (0.06180), all moving averages are pointing downwards. The upward momentum to 0.05911 quickly faded, and the price reversed from 0.05953 — the movement resembles a classic bull trap.
⛔️Brief overview of indicators
RSI(6) — 79.8, StochRSI — above 90: the market is overbought. MACD around zero — momentum is weakening. Volume increased during the rise but is falling during the correction — bulls are losing strength. The overall picture indicates the dominance of sellers.
💰Trading plan: main scenario — short
Entry (aggressive): 0.0590–0.0595 on a pullback.
Entry (conservative): breakout 0.0570–0.0580 with volume.
⛔️Stop-loss: 0.0610–0.0620 (above EMA99 and the local high).
🎯Targets:
0.0550 — +7%
0.0528 — local minimum
0.0500 — extended target if the trend holds
The price remains in a descending channel, and the spike upward looks like a false breakout. The long alternative is only relevant if it consolidates above 0.0620 — otherwise, the priority is with the bears.
Trading 👉$AIN
