$S Downward momentum is escalating
S has lost the $0.0310 area and is now trading near 0.03026, with sellers controlling the short-term structure. The repeated rejection around 0.0304 suggests that another bearish wave may develop if support fails.
Entry: 0.03020 – 0.03045
Target 1: 0.02950
Target 2: 0.02850
Target 3: 0.02714
Stop Loss: 0.03142
A break/consistent consolidation below 0.03000 may accelerate the continuation of the decline.
Buy and trade
S has lost the $0.0310 area and is now trading near 0.03026, with sellers controlling the short-term structure. The repeated rejection around 0.0304 suggests that another bearish wave may develop if support fails.
Entry: 0.03020 – 0.03045
Target 1: 0.02950
Target 2: 0.02850
Target 3: 0.02714
Stop Loss: 0.03142
A break/consistent consolidation below 0.03000 may accelerate the continuation of the decline.
Buy and trade