🔥 Market Overview: Trend: Bearish with short-term recovery attempts. Key Levels: Resistance: $17.43, $19.34 (EMA 200) Support: $16.86, $15.00 Indicators: EMA 9 ($16.86) – Price hovering around short-term EMA. EMA 200 ($19.34) – Strong bearish pressure below long-term EMA. Supertrend: Bearish bias. MACD: Weak recovery, still in bearish territory. RSI: 51.35 (Neutral), showing no clear momentum shift. 🔥 Scalping Strategy: 🩸 1. Range Scalping
Buy near $16.90-$17.00, targeting $17.40-$17.50 Sell near $17.40-$17.50, targeting $16.90 Stop-loss below $16.75 🩸 2. Momentum Scalping (Breakout Attempt)
If price breaks $17.50 with volume, buy targeting $18.00-$18.50 Stop-loss below $17.30 🩸 3. Breakout Scalping (EMA 200 Rejection)
If price tests $19.34 (EMA 200) and rejects, short targeting $17.50 Stop-loss above $19.50 🔥 Mid-Term Trend Forecast (1-3 Weeks): Price is still under EMA 200, indicating overall weakness. If bulls push above $19.50, we could see a shift to $21-$23. Failing to break $19.50 will likely lead to retests of $16 and lower. 🔥 News & Market Context: No major fundamental catalysts observed. Sentiment remains cautious; previous pump saw a sharp reversal. Market may be in a distribution phase—smart money offloading at resistance. 🔥 Decision: 🩸 Short-term: Range scalp between $16.90-$17.50 🩸 Mid-term: Cautious, waiting for breakout confirmation 🩸 Ideal Play: Short if price gets rejected at EMA 200 ($19.34)
👑 Final Verdict: Scalping opportunities exist, but the larger trend remains weak. Watch for volume spikes and EMA 200 rejection.
🔥 FinCaesar’s Statement: "The battlefield does not reward hesitation. Strike with precision or be consumed by the tides of indecision." 👑
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.