$CIEN HITS KEY RESISTANCE WHERE SELLERS AWAIT LIQUIDITY HUNT 🔴
Entry: 339–343 ⚡
Target: 332 🚀
Target: 324 🚀
Target: 316 🚀
Stop Loss: 352 ⚠️
📌 Price is now pressing into a well-defined resistance band where prior distribution left an inefficiency on the daily chart. 🔍 The recent impulsive leg shows exhaustion characteristics as it taps into this supply zone, with smart money likely positioning shorts to hunt liquidity above.
🌊 A rejection from this area would target the underlying fair value gaps at 332 and 324, with deeper correction toward 316 if momentum flips. 📊 Patience is key; waiting for a confirmed breakdown structure protects capital from a premature entry.
💬 Are you scaling in here or awaiting a structural shift confirmation before engaging? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #CIEN #ShortSetup #Resistance #Liquidity #Crypto
🐻 📉
Entry: 339–343 ⚡
Target: 332 🚀
Target: 324 🚀
Target: 316 🚀
Stop Loss: 352 ⚠️
📌 Price is now pressing into a well-defined resistance band where prior distribution left an inefficiency on the daily chart. 🔍 The recent impulsive leg shows exhaustion characteristics as it taps into this supply zone, with smart money likely positioning shorts to hunt liquidity above.
🌊 A rejection from this area would target the underlying fair value gaps at 332 and 324, with deeper correction toward 316 if momentum flips. 📊 Patience is key; waiting for a confirmed breakdown structure protects capital from a premature entry.
💬 Are you scaling in here or awaiting a structural shift confirmation before engaging? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #CIEN #ShortSetup #Resistance #Liquidity #Crypto
🐻 📉
