$PLUME Bearish Pressure Builds as Breakdown Risk Looms Below Support Zone 📉
Trade Setup: Short
Entry zone: 0.01230 – 0.01240
TP1: 0.01210
TP2: 0.01185
TP3: 0.01150
SL: 0.01295
Price is repeatedly failing to reclaim higher levels and is now consolidating near the lower support band, indicating weakening bullish momentum. Sellers are gradually absorbing liquidity, increasing the probability of a downside expansion if support breaks.
Momentum structure on lower timeframes suggests distribution rather than accumulation, making a breakdown continuation more likely unless strong volume reclaim appears soon.
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