📉 $COLLECT/USDT Short Trade Setup
$COLLECT is showing signs of weakening momentum after rejecting the upper end of its range. If sellers continue to defend resistance, a move toward lower support levels could follow.
📍 Entry: $0.0537051 – $0.0539749
🛑 Stop Loss: $0.0569553
🎯 TP1: $0.0515035
🎯 TP2: $0.0499458
🎯 TP3: $0.0476093
Market Outlook:
• Bias: Bearish 🔴
• Structure: Range-bound with rejection near resistance
• Momentum: 1H RSI showing weakening momentum
• Confirmation: A breakdown below $0.0537 or a rejection near $0.0546 could strengthen the setup.
Would you short the rejection here, or wait for a retest of resistance for confirmation?
Trade with discipline and manage your risk carefully.
$COLLECT is showing signs of weakening momentum after rejecting the upper end of its range. If sellers continue to defend resistance, a move toward lower support levels could follow.
📍 Entry: $0.0537051 – $0.0539749
🛑 Stop Loss: $0.0569553
🎯 TP1: $0.0515035
🎯 TP2: $0.0499458
🎯 TP3: $0.0476093
Market Outlook:
• Bias: Bearish 🔴
• Structure: Range-bound with rejection near resistance
• Momentum: 1H RSI showing weakening momentum
• Confirmation: A breakdown below $0.0537 or a rejection near $0.0546 could strengthen the setup.
Would you short the rejection here, or wait for a retest of resistance for confirmation?
Trade with discipline and manage your risk carefully.