$CC has broken down beneath its MA60 dynamic support ($0.12492), extending lower toward $0.12405 after rejecting from local highs. The market structure remains firmly under bearish control on lower timeframes, with negative MACD momentum. Overleveraged long positions attempting to pick a bottom near current levels risk further liquidation cascades if dynamic resistance remains unbroken.
🎯 Trade Setup
Direction:
SHORT
Entry Zone
$0.12420 – $0.12480
Take Profit 1
$0.12200
Take Profit 2
$0.11950
Take Profit 3
$0.11500
Stop Loss
$0.12650
Risk : Reward
1:2.5
Trade Type
Intraday
#CC