From the 4-hour timeframe, the trend has already weakened. The price hit resistance and fell back near $2.45, failing to break above the previous high, indicating that buying power is fading. The key point is that it is now breaking below the important support at $2.26.

More specific signals come from shorter timeframes. On the 1-hour chart, the RSI has most likely lost the 50 midline, with bears starting to take control. At the same time, the price has also broken below the short-term moving average system, confirming the downward trend. The current 4-hour candlestick breaking below $2.26 is actually a key entry signal for short positions.

The entry logic is now very clear—trade in line with the bearish structure on the 4-hour timeframe. The $2.26 level has turned from support into resistance, with a demand zone below that can serve as a target. This is a classic support-turned-resistance pattern.

Current actionable plan (short):
Entry price: 2.2681
First target: 2.1766
Second target: 2.0851
Stop loss: 2.3291

#比特币对比代币化黄金 $CAKE $SENT