$COLLECT is attracting bullish eyes right now, but smart traders know this kind of move often runs directly into resistance before a sharp rejection.
I already opened my short position around 0.06072 because price is approaching a clear rejection zone near 0.06240, where previous selling pressure appeared. The current upward candles may look strong to new traders, but unless $COLLECT breaks and holds above that resistance with volume, this area still favors a downside reaction.
The plan is simple: let price struggle under resistance and wait for sellers to take control again. If rejection confirms here, downside targets open toward lower support zones and this trade can quickly shift into strong profit.
For now, I’m holding the position because the setup is still valid, and this opportunity is only for traders who understand patience before confirmation. Invalidation starts only if price closes cleanly above 0.06240.
I already opened my short position around 0.06072 because price is approaching a clear rejection zone near 0.06240, where previous selling pressure appeared. The current upward candles may look strong to new traders, but unless $COLLECT breaks and holds above that resistance with volume, this area still favors a downside reaction.
The plan is simple: let price struggle under resistance and wait for sellers to take control again. If rejection confirms here, downside targets open toward lower support zones and this trade can quickly shift into strong profit.
For now, I’m holding the position because the setup is still valid, and this opportunity is only for traders who understand patience before confirmation. Invalidation starts only if price closes cleanly above 0.06240.