$C98 /USDT SHORT
{future}(C98USDT)
Entry: $0.0310 – $0.0314
SL: $0.0329
Targets: $0.0302 — $0.0298 — $0.0293 — $0.0288
Status: Current price ~$0.0304 (Approaching TP1).
- C98 is in a "fatigue" phase as liquidity rotates from DeFi into AI and Mega-Caps post-FOMC. Despite its G98/Tether venture in Vietnam, the lack of fresh buy-side interest is causing a slow retail bleed.
- A failure at $0.0320 resistance confirmed a bearish lower high. With RSI at 38 and price below the 100-day EMA ($0.0315), the breakdown of $0.0308 signals further acceleration downward.
- Price is already near TP1; wait for a relief bounce to $0.0308 if not already in. Move SL to Break-even at TP1 ($0.0302). A 4H close above $0.0315 invalidates the bearish momentum.