$CITY

CITY

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made a sudden push up into the 0.65–0.66 zone and instantly got rejected, leaving a long upper wick. That tells us smart sellers used the pump to offload, not to build positions. After the rejection, price dropped back into the previous range and is now chopping around 0.63, which usually means distribution is done and downside risk is still present unless buyers reclaim the spike area.

Trade Setup

Short Entry: 0.640 – 0.650

Targets: 0.620 / 0.605

Stop Loss: 0.665