$LINEA Showing Weakness After Rejection ⚠️
$LINEA failed to hold highs after a sharp wick — potential short setup forming.
🔴 SHORT $LINEA
Entry Zone: 0.00365 & 0.00375
Stop Loss: 0.00395
Target 1: 0.00350
Target 2: 0.00335
Target 3: 0.00310
After a brief expansion, LINEA printed a strong rejection wick near the highs, followed by immediate selling pressure. This kind of price action often signals exhaustion and trapped longs at the top.
Price is now struggling to reclaim the 0.00375 area, and continued rejection here could lead to a move back into the prior range. As long as price stays below 0.00390, sellers remain in control.
Breakdown below 0.00360 should accelerate downside toward 0.00350. If momentum builds, 0.00335 comes next, with 0.00310 as a deeper retracement target.
A strong reclaim and hold above 0.00395 would invalidate the short setup.
