$VANA
From both timeframes (4 hours and 15 minutes), there are several important points that can be concluded:
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1. 4 Hour Timeframe:
The price is moving volatile with a long axis (33,753 → 23,455) indicating strong selling pressure.
The current price is around 25,500 and trying to stay in the strong support area of 23,455 - 25,000.
The large volume shows high participation, but the last bearish candlestick is still dominant.
Closest support: 23,455. Closest resistance: 30,492 - 33,753.
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2. 15 Minute Timeframe:
The current price is in the lower Bollinger Band (25,002), indicating an oversold condition.
The RSI is at 27,215 (oversold), signaling a potential rebound.
MACD still shows bearish momentum, but histogram widening is starting to slow down.
Strong support level at 25,000 has the potential to be a turning point if selling pressure decreases.
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Combined Conclusion:
The price is currently in the critical support area of 25,000 - 25,500, which has the potential to trigger a rebound in the near future due to oversold conditions on the RSI (15 minutes).
The big trend is still bearish (4-hour chart), but the small timeframe (15 minutes) shows technical signs of a rebound.
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Recommended Open Positions:
1. Long Position (Small Rebound):
Entry: If the price is stable above 25,500.
Stop Loss: 24,800 (below strong support).
Target Profit: 26,800 - 27,000 (initial resistance on the small timeframe).
2. Short Position (If Support Breaks):
Entry: If price falls below 24,800.
Stop Loss: 25,300 (false breakout confirmation).
Profit Target: 23,500 (next strong support).
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Risk Management:
Main timeframe: 4 hours for big trends (bearish), but watch for small reversal signals in 15 minutes.
Do not force entry if there is no confirmation of reversal candle.
Monitor volume and RSI. If the 15-minute RSI moves up from oversold, the rebound opportunity is getting stronger.
With this strategy, you can take advantage of the potential for a temporary rebound or continue short if the price fails to hold the 25,000 support.
