$CDL Showing Weakness After Resistance Rejection – Downside Pressure Building 📉

Trade Setup: SHORT

Entry Zone: $0.0081 – $0.0085

TP1: $0.0072

TP2: $0.0061

TP3: $0.0050

SL: $0.0094

Price faced a sharp rejection near the $0.0108 resistance region and failed to sustain momentum above local structure. Since the rejection, selling pressure has accelerated while volume appears to favor distribution over continuation.

The breakdown below short-term support suggests buyers are losing control, with liquidity now sitting beneath recent lows. If weakness persists, a sweep toward the $0.0060–$0.0050 demand zone becomes increasingly likely.

Market structure currently favors downside continuation unless price reclaims resistance with strength.

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CDL

Alpha

0.0075008

-9.85%