$PTB

PTBUSDT

Perp

0.004717

-13.71%

Sharp rejection from the area 0.0080.

This level acted as a major resistance, and sellers reacted strongly.

The long upper wick followed by a strong red candle indicates profit-taking and stop-loss targeting, not a trend reversal yet.

Key points:

The rejection came from critical resistance.

The price quickly retraced, but the structure above remains important.

This appears to be a calming movement, not a panic.

If the price maintains the previous demand area, the movement remains corrective.

If this support breaks, expect a deeper retracement before the next movement.

Patience and monitoring key levels are essential here.