🚨 $COLLECT /USDT Analysis: Bears in Control! Short Setup Activated? 📉
You are spotting the right trends! The $COLLECT 4H chart is showing heavy bearish momentum, currently trading at 0.05396.
🔍 Technical Breakdown:
Strong Downtrend: The price has broken down and is currently trading firmly below all three major moving averages: EMA 7 (0.0592), EMA 25 (0.0663), and EMA 99 (0.0662). This confirms that the bears are in complete control of the trend.
Dynamic Resistance: The EMA 7 is sloping downwards and acting as a very strong resistance ceiling, pushing every attempted bounce back down.
Massive Downside Room: Looking at the chart structure, if the selling pressure continues, there is a lot of empty space down toward the previous major low of 0.02629.
📊 Trade Setup (SHORT):
🔴 Entry Zone: 0.05400 - 0.05650 (Enter around current levels or wait for a micro-retest of the EMA 7)
🎯 Exit Point 1 (Take Profit): 0.04500 (Local psychological support)
🎯 Exit Point 2 (Take Profit): 0.03500
🎯 Exit Point 3 (Take Profit): 0.02650 (Major bottom retest)
🛑 Stop Loss: 0.06100 (Strictly above the EMA 7 to invalidate the setup if bulls take over)
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