$CTSI /USDT on Binance Perpetual at a current price of 0.02555, down sharply -14.43% in the recent session after hitting a 24h high of 0.0303 and low near 0.0246. We're seeing strong bearish momentum with price rejecting higher levels and sliding below key EMAs: EMA(8) ~0.0260, EMA(13) ~0.0264, EMA(21) ~0.0272 acting as resistance overhead.
Candles are printing lower highs and lower lows in a clear downtrend channel, with the latest candle closing near the bottom and testing support around 0.0236 (recent swing low). RSI(14) sits at ~38.7, oversold territory but not yet diverging strongly for reversal. Stochastic is low (K~22, D~29), hinting at potential exhaustion soon, but volume is spiking on the downside, confirming seller control.
Short-term forecast: Bearish continuation likely unless we reclaim EMA cluster quickly. Momentum favors bears — watch for breakdown below 0.0236 to accelerate drops.
Trade idea (Short position – high risk, use leverage carefully!)
Entry: Around current ~0.0255–0.0256
Take Profit: 0.0236 (first target, ~7-8% potential) → extend to 0.0225 if momentum holds
Stop Loss: 0.0273 (above EMA(21), invalidates if reclaimed) — risk ~6-7%
Crypto is volatile — this is not financial advice, DYOR and manage risk! Could we see a bounce first? Possible if RSI dips deeper and buyers defend 0.0240 zone.
Cartesi ecosystem still has strong fundamentals in layer-2 scaling — dip buyers might step in soon, but right now charts scream caution!
Trade
$CTSI /USDT Now! Short the weakness or wait for reversal confirmation. Follow & turn 🔔 on for more setups! ✅
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