The price has dropped to $1.917, losing 2% for the day. Key levels are at risk: Support: $1.907 (24h low). Resistance: $1.960 (50 EMA on 4h). On the daily, RSI: 32 (close to oversold)
What do we see🥸
On the 1-hour timeframe, the RSI is neutral (~51), but on the daily chart, the pressure is increasing. The price is below all major EMAs, confirming a bearish sentiment.
Main question❓
Is this the final stage of sales before a strong rebound from $1.90❓ Or the beginning of a new phase of decline to $1.85 and below❓
Your position❓ 👇
💎 Buying at support ➖ I believe in a rebound from $1.90
📉 Shorting until the breakout ➖ expecting a drop below $1.907
🔄 Waiting for a signal ➖ need a clear reversal or breakout
⏸️ Exited to cash ➖ too risky
Like👍 if you're waiting for a reversal❗ Write your forecast and target in the comments.
