The daily/4-hour trend is bearish. The price is significantly below all key EMAs (7, 25, 99), which are in a bearish arrangement, indicating strong downward pressure. The price is currently running along the lower band of the Bollinger Bands, further confirming the dominance of sellers. The Supertrend indicator is red, positioned above the price, constituting dynamic resistance.
The trigger signal lies in the fact that after a brief consolidation or slight rebound, the momentum fails to recover. The ideal entry point is to observe the RSI on the 1-hour chart, when it attempts to rebound and crosses the 50 midline but encounters a clear rejection. This phenomenon indicates the exhaustion of buying power and a return of bears to the market. This failure of a rebound in a major downtrend is a high-probability short signal, as it aligns with the macro trend of higher time frames. The current price has broken below the recent consolidation range, demonstrating the continuation of the downward trend.
The logic for entering a short position is based on the trend suppression of higher time frames. Given the strong bearish structure on the daily chart, any rebound in lower time frames is very likely just a temporary correction rather than a trend reversal. By waiting for precise signals when the RSI is rejected at the 50 level on the 1-hour/15-minute chart, we can capture the turning point for the resumption of the downward trend, thereby improving the risk-reward ratio of the trade.
Actionable Setup Now (SHORT)
Entry: market at 263.4
TP1: 250.0
TP2: 225.0
TP3: 200.0
SL: 296.0
$PIEVERSE
