$PTB /USDT (Perp) – Short-Term Technical Analysis

Timeframe: 1H

Current Price: ~0.00360

Market Structure

After a strong impulsive pump, price formed a distribution top and sold off aggressively.

Current action shows sideways consolidation → bearish continuation structure.

High volatility spike looks exhaustive, not accumulative.

Key Levels

Resistance:

0.00385 – 0.00395 → Major rejection zone

0.00410 → Breakdown origin / strong supply

Support:

0.00345 → Local support (already tested)

0.00320 → Weak support

0.00290 – 0.00280 → Major demand zone

Bias

📉 Bearish below 0.00385

Price is failing to reclaim prior support and is printing lower highs, suggesting sellers remain in control.

Short Setup (Preferred)

Entry Zone: 0.00375 – 0.00390

Stop Loss: Above 0.00415

Targets:

TP1: 0.00345

TP2: 0.00320

TP3: 0.00290

Bullish Invalidation

Strong 1H close above 0.00415 with volume

Acceptance above 0.00430

Until then, any bounce is considered a relief rally.

Conclusion

PTB looks like a post-pump distribution with price trapped below resistance.

As long as 0.00385–0.00410 caps price, shorts are favored.

If you want, I can also:

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