📉 $MOCA /USDT Short Setup: The Pump Faded! ⚠️
The 1-Hour chart for MOCA shows a classic "rejection" pattern. After spiking to 0.02658, the price was immediately slapped down and is now trading at 0.02452, struggling to hold support.
Here is why the Bears might take control:
1. Lost the Momentum Line (EMA 7) ❌
The price has dropped below the yellow EMA 7 (0.02476). In short-term trading, when price loses the 7 EMA, it often flips from support to resistance. Bulls are failing to keep the price elevated, and we are now testing the EMA 25 (0.02451) as the last line of defense.
2. Bearish RSI Divergence 📉
The RSI(6) has dropped sharply to 43.40. It is now below the neutral 50 level, indicating that sellers have taken over momentum. The rapid drop from the highs confirms that the buying pressure has evaporated.
3. MACD Losing Steam
The MACD histogram has flipped to pink (negative), and the fast line (DIF) is curling downward toward the slow line (DEA). A bearish crossover here would confirm further downside.
📝 Short Setup (Scalp):
🔻 Entry Zone: 0.02450 - 0.02480 (Enter on the rejection from the EMA 7).
📉 Target 1: 0.02369 (The EMA 99 - Major Support).
📉 Target 2: 0.02220 (Previous consolidation zone).
🛑 Stop Loss: 0.02550 (If we reclaim the 0.025 level, the bearish thesis is invalid).
💡 Strategy:
Watch the 0.0245 level closely. If a 1H candle closes below this pink EMA line, the path to 0.0237 is open.
Do you think MOCA will bounce or bleed back to support? Comment your move! 👇
#mocaverse