$YB | Rejection at Resistance, Corrective Move Expected
Following a sharp spike, price has been firmly rejected in the $0.170–0.173 resistance area, with bearish candles and long upper wicks indicating strong selling pressure and profit-taking. As long as price remains below this zone, a corrective move toward lower support levels is favored.
Entry Zone (Short): 0.1625 – 0.1665
Stop Loss: 0.1715 (above resistance)
Take Profit Targets: 0.1580 / 0.1540 / 0.1495
Key Levels:
· Resistance / Rejection Zone: 0.168 – 0.170
· Support Targets: 0.1580, 0.1540, 0.1495
· Invalidation: Break and hold above 0.1715
Strategy: Consider short positions on a rejection within the entry zone, confirming sellers remain in control. The setup anticipates a corrective move toward the next support areas.
#USIranStandoff #StrategyBTCPurchase #USCryptoMarketStructureBill #TrumpProCrypto