After a strong pump, $4 is now facing a sharp rejection and showing signs of weakness. The price is struggling to move higher, which suggests sellers are starting to take control.
I’m looking for a short position here with 20x leverage.
Entry: 0.0160 – 0.0166
Stop Loss: 0.0178
Targets:
TP1: 0.0152
TP2: 0.0143
TP3: 0.0132
The idea is that after such a fast move up, this rejection could lead to a pullback. If the price fails to recover above the entry zone, it increases the chances of further downside.