Market Summary

Bearish trend dominant on 1h with strong ADX, but 15m shows oversold bounce potential. Key level to watch is resistance at 0.1042 for short entry.

Market State

1h trend is bearish (ADX 20.99, minus_di 30.27) with price below EMAs and Ichimoku cloud. 15m shows a sharp decline but stoch RSI bullish crossover from oversold, suggesting short-term bounce. However, volume remains weak, and momentum still negative.

Key Levels

• Resistance: 0.1042, 0.1048
• Support: 0.1028, 0.1024

Scenarios

Bullish Scenario A sustained break above 0.1048 (cloud resistance) with volume could invalidate the bearish trend, targeting 0.1060. However, current indicators (ADX, MACD, RSI) do not support this. Requires strong buying momentum.

Bearish Scenario Failure at 0.1042 resistance and a drop below 0.1028 support would confirm continuation, targeting 0.1020 and 0.1010. The bearish trend is supported by ADX and EMA alignment. Oversold conditions are the main objection.

Current Lean Bearish bias prevails due to strong trend. Oversold bounce likely offers short entry at resistance.

Trade Setup

• Direction: SHORT
• Entry: $0.1042 (optimal) / $0.1048 (alternative)
• Stop Loss: $0.1050 — protects above cloud and recent 1h high
• Targets: T1: $0.1028 | T2: $0.1020 | T3: $0.1010
• R/R: (0.1042 - 0.1028) / (0.1050 - 0.1042) = 0.0014 / 0.0008 = 1.75:1
• Confidence: Medium

Risks

• Invalidation: Break above 0.1050 invalidates bearish thesis.
• Warning: Oversold conditions could cause sudden squeeze; keep stops tight.