$C Short Trade Signal | Bears Testing Key Resistance
#C has recovered from its intraday low but is now trading below the MA(7) while approaching a resistance zone after a 6% daily gain. The inability to reclaim recent highs suggests bullish momentum may be fading, increasing the probability of a short-term pullback.
The short-term outlook turns bearish if price loses the immediate support area with rising selling pressure.
Trade Setup Direction: SHORT
Entry: $0.0551 – $0.0556
Stop Loss: $0.0568
TP1: $0.0540
TP2: $0.0528
Final Target: $0.0515
$C
Futures trading is risky.
#C has recovered from its intraday low but is now trading below the MA(7) while approaching a resistance zone after a 6% daily gain. The inability to reclaim recent highs suggests bullish momentum may be fading, increasing the probability of a short-term pullback.
The short-term outlook turns bearish if price loses the immediate support area with rising selling pressure.
Trade Setup Direction: SHORT
Entry: $0.0551 – $0.0556
Stop Loss: $0.0568
TP1: $0.0540
TP2: $0.0528
Final Target: $0.0515
$C
Futures trading is risky.