Analysis of BIGTIME/USDT (4H Chart)Professional Analysis of BIGTIME/USDT (4H Chart)
1. Trend Analysis
The chart shows a strong downtrend, with multiple supply zones acting as resistance.
EMA 50, 100, and 200 are aligned in a bearish formation (EMA 50 < EMA 100 < EMA 200), confirming the downward trend.
Continuous selling pressure has led to the formation of lower lows.
Recently, there has been a slight recovery, but price is still facing resistance from EMAs and supply zones.
2. Key Support and Resistance Levels
Key Support: 0.04854 USDT, a potential reversal or accumulation zone (POI).
Key Resistance Levels:
0.06537 USDT (EMA 50)
0.08452 - 0.09205 USDT (Supply Zone)
0.10197 USDT (Fib 50% from the last drop)
0.11458 USDT (Fib 61.8%, a crucial reversal point)
3. Trading Plan
For Short Positions (Selling)
✅ Entry: Consider shorting when price hits a supply zone or EMA 50/100.
✅ Target: 0.04854 USDT (Key support level).
✅ Stop Loss: Above 0.07038 - 0.07308 USDT.
For Long Positions (Buying for Rebound)
✅ Entry: Wait for confirmation near 0.04854 USDT before entering long.
✅ Target: 0.06537 - 0.07038 USDT (EMA 50 and first resistance level).
✅ Stop Loss: Below 0.04750 USDT.
4. Risk Management & Considerations
Win rate of 67% is decent, but Risk-to-Reward Ratio (2.12) must be maintained.
If price fails to hold above EMA 50, further downside is likely.
If volume is insufficient, any rebound could be short-lived before further decline.
Conclusion
The overall trend remains bearish. Long positions should be considered only if price holds above EMA 50.
0.04854 USDT is a strong support zone for potential buying opportunities.
Shorting near supply zones remains a viable strategy.
📌 Note: Always implement proper risk management and confirm price action signals before making a trade.
