From the 4-hour timeframe, a clear bearish pattern is taking shape. After testing the key resistance zone around 0.05207, the price encountered resistance and pulled back, failing to break the previous high, indicating that the upward momentum has weakened. This structure creates a favorable entry window for short positions.



Switching to lower timeframes, the signals are even clearer. On the 1-hour and 15-minute charts, the RSI indicator struggled above the 50 midline before decisively breaking downward, which means bullish momentum is exhausted and bears are starting to take over the market. At the same time, the price has also fallen below the short-term moving averages, providing multiple confirmations of a bearish technical signal. The current trading strategy is straightforward: follow the higher timeframe bearish trend and look to short at resistance areas where momentum is fading.

Specific strategy:
Entry price: 0.04738 (current market price)
First target: 0.04446
Second target: 0.04154
Stop loss: 0.04933

Also keep an eye on the movements of $FHE and $VANA, as similar technical patterns may emerge. Risk management comes first—always stick to your stop loss.
BTC0.49%
FHE5.62%
VANA0.69%
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GateUser-75ee51e7vip
· 12-05 07:41
The bearish signal is indeed clear, but at this price level, I'll wait to see if I can get in at an even lower point.
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tx_or_didn't_happenvip
· 12-05 07:27
I'm tired of hearing this "airdrop breakdown" talk. Last time someone said this, it went the opposite way and got liquidated.
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BankruptcyArtistvip
· 12-05 07:12
The airdrop is so obvious, how are there still people buying in?
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