Looking at the 4-hour chart, the trend has already started to reverse downward. After the price surged to the $0.0535 supply zone, the selling pressure was too heavy and it couldn’t break the previous high at all. And then? It broke straight down through the key pivot at $0.043—this level was previously a support, but now it’s clear the bulls are exhausted.

Here comes the trigger signal: Switch to the 1-hour chart and check RSI—there’s a high probability it’ll get rejected at the 50 line, indicating short-term momentum has turned bearish. The price has likely also fallen below several crucial EMAs, which have now become resistance. Why is now a good time to short? Because the structure has already broken, so we just follow the new downward momentum. More importantly, the price was rejected in the higher timeframe supply zone, which makes the bearish logic even stronger. This current pullback offers a high-probability short entry opportunity, targeting the demand zone below.

How to execute specifically?
Entry price: Market price $0.0400
First target: $0.0350
Second target: $0.0320
Third target: $0.0300
Stop loss set at: $0.0450

#比特币对比代币化黄金 $JELLY $STO