MARSCOIN is down 16% today while the rest of the market pumps. That kind of relative weakness is a short signal screaming at you.
$0.0923 and falling. Volume is declining (0.68x average), which on a downtrend means sellers are in control and buyers are NOT stepping in to buy the dip. This is bearish confirmation, not a bottoming pattern.
Why SHORT?
๐ 4H RSI at 32.7 โ approaching oversold, but not there yet. More downside possible before a bounce.
๐ Price below SMA7 4H ($0.0984) AND SMA25 4H ($0.1130) โ bearish structure confirmed
๐ Daily RSI at 50.0 โ neutral, meaning the daily chart has room to go lower before oversold
๐ MACD flat on daily (0.000) with zero histogram โ momentum is dead, no buying pressure
๐ Declining volume on a dump = no buyers. When nobody is buying, price keeps falling.
Trade Plan (SHORT):
๐ฏ Entry: $0.08846 โ $0.09614
๐ Stop Loss: $0.10767 (12% above entry high)
โ
TP1: $0.08580 | TP2: $0.08315 | TP3: $0.07961
Risk/Reward: 0.4 โ tight for a short, but the downtrend is clean and buyers are absent.
โ ๏ธ Caution: 4H RSI approaching 30s can trigger a dead cat bounce. Watch for rejection wicks at $0.098-0.100 resistance before adding to shorts. If RSI hits 25, cover some.
Short MARSCOIN or wait for the dead cat bounce? Tell me your play ๐
๐ DYOR โ Not financial advice.
#MARSCOIN #CryptoShort #DYOR