$BINANLIFE LOST SUPPORT AFTER A DEAD CAT BOUNCE – SHORT PRESSURE MOUNTS ⚡
Entry: 0.7700 🔥
Target: 0.7400 🚀
Stop Loss: 0.8200 ⚠️
Price rejected sharply from the 0.78 region for the third time in two days, leaving a clear liquidity pocket above at 0.82. Each attempt to push higher has been met with heavier selling, and the recent breakdown below 0.77 suggests bears are now in full control.
The measured move from the 0.82 high to the 0.74 target gives this setup a clean risk-to-reward ratio of nearly 1:2. With momentum accelerating to the downside, the next major support sits at 0.70 if 0.74 fails.
Do you see a bounce at 0.74 or a clean sweep to 0.70?
Not financial advice. Always manage your risk.
#BINANLIFE #ShortSetup #Breakdown #SupportTest 🔥