#robo $ROBO Entry Zone: 0.0369 – 0.0382
Stop Loss: 0.0410
Target 1: 0.0343
Target 2: 0.0320
Target 3: 0.0300
$ROBO is struggling near the 0.038 region, showing that sellers are actively defending this supply zone. The recent bounce lacks follow-through, indicating corrective price action rather than a reversal. Traders looking for short opportunities can consider the 0.0369 – 0.0382 range.
If price remains below 0.0410, the bearish thesis remains intact. The first downside objective is 0.0343. Further momentum could target 0.0320, with 0.0300 acting as the lower timeframe expansion. Monitoring volume and price action near these levels can help confirm continuation.
A clear break above 0.0410 would invalidate this setup, signaling potential trend reversal. Risk management using the suggested stop-loss is crucial.
Perp
0.0363 -12.65%