๐ป $็ๆฅ
Has the rally come to an end? Signs of weakness are emerging near resistance!
$็ๆฅ gained more than 27%, but is currently facing notable selling pressure near the $0.070โ$0.072 resistance zone. Iโm watching for a potential downward correction if buyers fail to break through this zone and sustain the upward momentum.
๐ SHORT trade setup
Entry zone: $0.0685 โ $0.0662
First target: $0.0660
Second target: $0.0630
Final target: $0.0598
Stop loss: $0.0743
๐ Expected scenario:
Continued rejection from the resistance zone could push the price into a correction toward the specified take-profit levels. However, a strong breakout and a hold above $0.0703 could invalidate this bearish scenario.
๐ฏ Are we seeing the start of a downward correction, or will buyers manage to continue the rally?
โ ๏ธ Adhering to the stop loss and managing risk are essential, as technical levels are probabilistic and do not guarantee results. DYOR.
Has the rally come to an end? Signs of weakness are emerging near resistance!
$็ๆฅ gained more than 27%, but is currently facing notable selling pressure near the $0.070โ$0.072 resistance zone. Iโm watching for a potential downward correction if buyers fail to break through this zone and sustain the upward momentum.
๐ SHORT trade setup
Entry zone: $0.0685 โ $0.0662
First target: $0.0660
Second target: $0.0630
Final target: $0.0598
Stop loss: $0.0743
๐ Expected scenario:
Continued rejection from the resistance zone could push the price into a correction toward the specified take-profit levels. However, a strong breakout and a hold above $0.0703 could invalidate this bearish scenario.
๐ฏ Are we seeing the start of a downward correction, or will buyers manage to continue the rally?
โ ๏ธ Adhering to the stop loss and managing risk are essential, as technical levels are probabilistic and do not guarantee results. DYOR.