$COLLECT TESTS RESISTANCE โ MOST TRADERS CHASING THE BREAKOUT ๐ฅ
Entry: 0.05110 - 0.05170 ๐ฅ
Target: 0.04980 ๐
Stop Loss: 0.05230 โ ๏ธ
Price is tapping a key resistance zone after a sharp rally. The rejection structure is forming on the 15-minute chart, and volume has started to tail off โ classic signs of exhaustion before a pullback. A move below 0.05110 would confirm the short bias, with the first liquidity target sitting at 0.04980.
The risk-to-reward on this setup favors the short side, but only if resistance holds. Will $COLLECT break above resistance, or is a correction to 0.0470 coming first?
Not financial advice. Always manage your risk.
#COLLECT #ShortSetup #ResistanceRejection #Crypto #Trading
๐ฅ
Entry: 0.05110 - 0.05170 ๐ฅ
Target: 0.04980 ๐
Stop Loss: 0.05230 โ ๏ธ
Price is tapping a key resistance zone after a sharp rally. The rejection structure is forming on the 15-minute chart, and volume has started to tail off โ classic signs of exhaustion before a pullback. A move below 0.05110 would confirm the short bias, with the first liquidity target sitting at 0.04980.
The risk-to-reward on this setup favors the short side, but only if resistance holds. Will $COLLECT break above resistance, or is a correction to 0.0470 coming first?
Not financial advice. Always manage your risk.
#COLLECT #ShortSetup #ResistanceRejection #Crypto #Trading
๐ฅ