$INX – Short Update 📉
Price is retesting the resistance zone but still lacking strength to break higher. The upside momentum continues to fade, with buyers struggling to maintain control.
🔹 Structure: Lower highs forming, signaling weakness
🔹 Momentum: Weak follow-through on each push
🔹 Bias: Bearish below resistance
As long as price stays capped under resistance, the short setup remains valid. A rejection here could trigger a continuation move to the downside.
🎯 Watch for:
• Failed breakouts above resistance
• Rejection wicks on pushes up
• Volume decreasing on bullish attempts
Stay disciplined — a strong breakout and hold above resistance would invalidate the setup.
#Crypto #Trading #ShortSell #Binance #Altcoins
Price is retesting the resistance zone but still lacking strength to break higher. The upside momentum continues to fade, with buyers struggling to maintain control.
🔹 Structure: Lower highs forming, signaling weakness
🔹 Momentum: Weak follow-through on each push
🔹 Bias: Bearish below resistance
As long as price stays capped under resistance, the short setup remains valid. A rejection here could trigger a continuation move to the downside.
🎯 Watch for:
• Failed breakouts above resistance
• Rejection wicks on pushes up
• Volume decreasing on bullish attempts
Stay disciplined — a strong breakout and hold above resistance would invalidate the setup.
#Crypto #Trading #ShortSell #Binance #Altcoins