$ROBO is retesting a critical supply zone as the recent recovery begins to lose momentum.
Trading Plan: Short $ROBO
Entry: 0.0143 - 0.0153
SL: 0.0160
TP1: 0.0140
TP2: 0.0138
TP3: 0.0134
Price has pushed back into a resistance area where sellers are beginning to absorb buying pressure. The rebound is struggling to establish a sustained move above this zone, while liquidity beneath the recent structure remains vulnerable.
If supply continues to hold and bearish momentum strengthens, $ROBO could rotate toward the lower targets before attempting another meaningful recovery.
Manage risk carefully, secure partial profits along the way, and avoid overleveraging. DYOR (Do Your Own Research).
Trading Plan: Short $ROBO
Entry: 0.0143 - 0.0153
SL: 0.0160
TP1: 0.0140
TP2: 0.0138
TP3: 0.0134
Price has pushed back into a resistance area where sellers are beginning to absorb buying pressure. The rebound is struggling to establish a sustained move above this zone, while liquidity beneath the recent structure remains vulnerable.
If supply continues to hold and bearish momentum strengthens, $ROBO could rotate toward the lower targets before attempting another meaningful recovery.
Manage risk carefully, secure partial profits along the way, and avoid overleveraging. DYOR (Do Your Own Research).