The Daily/4H trends are decisively Bearish. After a significant blow-off top in early December, the price has entered a steep corrective downtrend, consistently trading below all key Exponential Moving Averages (EMAs). The 4H chart shows the price is firmly suppressed by the EMA7, EMA25, and EMA99, which are fanned out and pointing down, confirming strong negative momentum.
The trigger for a short entry is evident on the lower timeframes. On the 1H chart, any minor relief rally is met with a swift rejection as the RSI fails to reclaim the 50 midline, signaling a lack of buyer strength. Price is currently breaking down from a multi-day consolidation range. This breakdown from a bearish flag pattern is a high-probability signal that the downtrend is resuming. Entering now aligns with the overwhelming bearish momentum, targeting the next visible support levels from before the major pump.
Actionable Setup Now (SHORT)
Entry: market at 0.00395
TP1: 0.00328
TP2: 0.00300
TP3: 0.00275
SL: 0.00485
XNYUSDT
Perp
0.003844
-3.39%
BEATUSDT
Perp
2.381
+25.91%
ZECUSDT
Perp
434.61
-4.74%