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EMA 200 (blue): 118,164 USDT (also above the price)
Recent support: 116,932 USDT (lowest low on the current candle)
Key resistance: 118,738 – 119,835 USDT
Both exponential moving averages are above the current price, confirming bearish pressure in this time frame.
✅ Entry Suggestion
If you want to enter a Short (sell):
📍 Suggested entry: between 117,400 – 117,600 USDT (on a small pullback)
🎯 Take profit (TP): 116,950 USDT or even 116,500 USDT if the market remains weak
🛑 Stop loss (SL): above 118,200 USDT (slightly above the EMA 200)
If you want to enter a Long (buy):
Not the best time, but if you're looking for a rebound:
📍 Suggested entry: near the support 116,950 – 117,050 USDT
🎯 TP: 117,800 – 118,100 USDT
🛑 SL: below 116,800 USDT
⚠️ Recommendation
The current pattern shows consecutive red bars with weak rebound, suggesting further decline. The best option at this moment would be to look for a Short entry on a pullback toward the EMA20.
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