⚠️ Coin $1000RATS is refusing the resistance area and is preparing for a bearish correction
• Technical direction: Selling rejection from the upper supply zone following a sharp upward surge
• Monitoring zone: 0.05200 – 0.05500 (upper red resistance/supply zone)
🎯 Correction price targets:
• Target 1: 0.04863
• Target 2: 0.04668
• Target 3: 0.04459
❌ Invalidation of the scenario: A 4-hour candle close above 0.05600
💡 Technical reasons: Price rose abruptly and vertically, immediately hitting the upper red zone (resistance and supply). It now shows a long upper candlestick wick, reflecting a selling rejection at these levels.
• Technical direction: Selling rejection from the upper supply zone following a sharp upward surge
• Monitoring zone: 0.05200 – 0.05500 (upper red resistance/supply zone)
🎯 Correction price targets:
• Target 1: 0.04863
• Target 2: 0.04668
• Target 3: 0.04459
❌ Invalidation of the scenario: A 4-hour candle close above 0.05600
💡 Technical reasons: Price rose abruptly and vertically, immediately hitting the upper red zone (resistance and supply). It now shows a long upper candlestick wick, reflecting a selling rejection at these levels.
