🚨 $C98
Market Outlook — Bearish Trend with Consolidation
Trend Structure
$C98 is trading at 0.0283, positioned below all key short-term moving averages — MA5 (0.0290), MA10 (0.0291), and MA20 (0.0292) — confirming a bearish alignment. These clustered MAs above price now act as immediate resistance. The MA120 at 0.0263 serves as a lower, medium-term support zone.
Volume & Price Action
Recent candles show declining sell volume, indicating that bearish momentum is losing strength. This suggests the market is entering a consolidation phase within a broader downtrend, rather than accelerating to the downside.
Capital Flow Analysis
Capital flow remains decisively negative across all tracked timeframes. The 24-hour net outflow of -713K USDT highlights sustained capital exit, reinforcing the bearish bias and lack of strong dip-buying interest.
Primary Trade Plan — Short Setup
Entry (Short): On a pullback toward 0.0290 – 0.0295, aligning with the MA5 / MA10 resistance zone
Stop Loss: 0.0305, placed just above the Bollinger Bands middle line
Target: 0.0270, near key horizontal support
Alternative Scenario — Tactical Long (Counter-Trend)
If price holds above 0.0282 (Bollinger lower band) and is accompanied by rising volume, a small-sized long position may be considered:
Upside Target: 0.0295
Risk Management: Tight stop-loss is essential, as this would be a counter-trend bounce, not a trend reversal
Risk Reminder
Market structure remains bearish overall. Favor short-term trades, maintain disciplined position sizing, and avoid overexposure.