$C Sell Signal … Rejection at Peak Zone
Price surged aggressively but is now facing pushback near the upper resistance area. The pattern of lower highs is developing, signaling that sellers are taking control. A short-term downside move could be on the horizon.
Entry: 0.087 – 0.089
Stop Loss: 0.093
Price Goals:
∙ 0.082
∙ 0.078
∙ 0.072
Quick Summary:
Following a sharp rally, price is losing steam near a key resistance level. A corrective move lower is expected before any further direction becomes clear.
Strategy:
Allow a minor relief bounce, then enter the sell position and ride the downward momentum carefully.
Tap below to Enter the Trade
Price surged aggressively but is now facing pushback near the upper resistance area. The pattern of lower highs is developing, signaling that sellers are taking control. A short-term downside move could be on the horizon.
Entry: 0.087 – 0.089
Stop Loss: 0.093
Price Goals:
∙ 0.082
∙ 0.078
∙ 0.072
Quick Summary:
Following a sharp rally, price is losing steam near a key resistance level. A corrective move lower is expected before any further direction becomes clear.
Strategy:
Allow a minor relief bounce, then enter the sell position and ride the downward momentum carefully.
Tap below to Enter the Trade