$EPIC
⬇️ $EPIC tanking at 6.3%, capitulation or manipulation?
- After such a violent dump and huge volume spike, there’s a strong chance that some short-term bounce or relief move may occur, especially if buyers defend above 0.392 and reclaim 0.410 with strength 🚦
- However, the broader trend is still very bearish. If there’s no strong reaction or bullish pattern at these supports and price consolidates weakly below 0.403, more downside can easily follow 👀
- This is a very risky spot to open a fresh short now since a lot of sellers may have just been flushed out. It’s better to wait for a weak bounce into one of the resistances (0.410/0.418/0.440), watch for a lower high and bearish confirmation, then consider shorting with targets 0.392, 0.380, and possibly 0.330 if momentum persists
- Example short setup: If price bounces to 0.418–0.440 and prints a bearish engulfing or lower high, enter short with TP1 0.392, TP2 0.380. Place stop-loss just above the swing high of the bounce
- Example long scalp setup: If price sweeps below 0.392 but quickly snaps back above 0.410 with a bullish engulfing or strong pin bar (plus lower-timeframe confirmation), enter long with TP1 at 0.440, TP2 at 0.458. Stop-loss just under the swing low
- If price breaks cleanly above 0.458 and holds, that would shift the short-term bias back to bullish and could target the FVG/resistance zones at 0.504/0.533
- If 0.392/0.380 are lost with strong selling, expect a fast move toward 0.330/0.320
📝 This is not investment advice, only an educational analysis report. Please wait for confirmation before taking any trades and always protect your capital!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#EPIC
⬇️ $EPIC tanking at 6.3%, capitulation or manipulation?
- After such a violent dump and huge volume spike, there’s a strong chance that some short-term bounce or relief move may occur, especially if buyers defend above 0.392 and reclaim 0.410 with strength 🚦
- However, the broader trend is still very bearish. If there’s no strong reaction or bullish pattern at these supports and price consolidates weakly below 0.403, more downside can easily follow 👀
- This is a very risky spot to open a fresh short now since a lot of sellers may have just been flushed out. It’s better to wait for a weak bounce into one of the resistances (0.410/0.418/0.440), watch for a lower high and bearish confirmation, then consider shorting with targets 0.392, 0.380, and possibly 0.330 if momentum persists
- Example short setup: If price bounces to 0.418–0.440 and prints a bearish engulfing or lower high, enter short with TP1 0.392, TP2 0.380. Place stop-loss just above the swing high of the bounce
- Example long scalp setup: If price sweeps below 0.392 but quickly snaps back above 0.410 with a bullish engulfing or strong pin bar (plus lower-timeframe confirmation), enter long with TP1 at 0.440, TP2 at 0.458. Stop-loss just under the swing low
- If price breaks cleanly above 0.458 and holds, that would shift the short-term bias back to bullish and could target the FVG/resistance zones at 0.504/0.533
- If 0.392/0.380 are lost with strong selling, expect a fast move toward 0.330/0.320
📝 This is not investment advice, only an educational analysis report. Please wait for confirmation before taking any trades and always protect your capital!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#EPIC