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marscoin
MARSCOINUSDT
Perp
--
-4.67%
‌ is trying to find its footing after a brutal sell-off, and the 4-hour chart is showing a potential early reversal signal.

Price crashed from 026790 all the way down to 009787, but it has now climbed back above both EMA5 (011994) and EMA10 (012016). The MACD histogram has also turned positive, with the MACD line at 000157 crossing above the signal line. That tells me sellers are losing momentum and buyers are starting to step in.

However, the EMA30 at 012743 is still acting as overhead resistance, and the price is currently trading just below it. If MARSCOIN can break and hold above 012743, the next leg up could be strong.

Entry: 012100 - 012200
Stop Loss: 011300
TP1: 013000
TP2: 014000
TP3: 015500

Do you think MARSCOIN will break through 012743, or will it get rejected at resistance again? Drop your thoughts below.
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MARSCOINMARSCOIN-4.67%


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TokenTaster
15 minutes ago
Watch the volume: the price has bounced, but without increased volume, so there’s a fair chance it’s a false breakout. It won’t be too late to chase after it holds above 12743.
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YieldYogi
16 minutes ago
First Review
EMA30 resistance is indeed tough, but with the MACD golden cross and price above the short-term moving averages, it feels like the bulls are showing some commitment this time. I’ll cautiously try a small long position around 012100; the 11300 stop-loss isn’t too far away, and the risk-reward ratio looks decent.
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