$TURTLE —— Short signal trend is smooth, take-profit level 1 (0.05394) has been hit 🏆
Price faced strong resistance in the supply zone between 0.0603–0.0622 and was rejected, failing to hold above the trendline resistance, leading to a shift in market structure to a short-term bearish outlook: the price action is starting to form 'lower highs' and has pierced through the intraday support level, precisely hitting the target at 0.0539. This trend confirms that sellers are in control in the short term; as long as the price stays below the 0.0572–0.0603 range, the bearish bias will remain intact and could further dip to 0.0505 and 0.0472; conversely, if the price manages to reclaim the area above 0.0603, it will weaken the current downward momentum.
Click here to trade 👉 $TURTLE
Price faced strong resistance in the supply zone between 0.0603–0.0622 and was rejected, failing to hold above the trendline resistance, leading to a shift in market structure to a short-term bearish outlook: the price action is starting to form 'lower highs' and has pierced through the intraday support level, precisely hitting the target at 0.0539. This trend confirms that sellers are in control in the short term; as long as the price stays below the 0.0572–0.0603 range, the bearish bias will remain intact and could further dip to 0.0505 and 0.0472; conversely, if the price manages to reclaim the area above 0.0603, it will weaken the current downward momentum.
Click here to trade 👉 $TURTLE