⚠️ Coin $CHILLGUY is facing selling rejection and is preparing for a downward correction wave
• Technical direction: A bearish bounce resulting from a selling rejection at the previous peak, along with the start of a bearish wave impulsive move targeting the break of moving averages and reaching the lower levels
• Monitoring zone: 0.01370 – 0.01420
🎯 Correction price targets:
• Target 1: 0.013042
• Target 2: 0.012441
• Target 3: 0.011896
❌ Invalidation of the scenario: A 4-hour candle close above 0.01520
💡 Technical rationale: The price showed a sharp red bearish candle after hitting the peak of the up impulse, coinciding with momentum decline, the oscillator being in the overbought zone, a negative crossover, and a slight bearish bias .
• Technical direction: A bearish bounce resulting from a selling rejection at the previous peak, along with the start of a bearish wave impulsive move targeting the break of moving averages and reaching the lower levels
• Monitoring zone: 0.01370 – 0.01420
🎯 Correction price targets:
• Target 1: 0.013042
• Target 2: 0.012441
• Target 3: 0.011896
❌ Invalidation of the scenario: A 4-hour candle close above 0.01520
💡 Technical rationale: The price showed a sharp red bearish candle after hitting the peak of the up impulse, coinciding with momentum decline, the oscillator being in the overbought zone, a negative crossover, and a slight bearish bias .
