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$COOKIE /USDT – Bearish Reversal After atrong break out ..
COOKIE/USDT has formed a clear bearish reversal signal on the 15m timeframe after a strong impulsive pump. The long upper wicks near 0.0530 show heavy selling pressure, and price has already begun retracing back below 0.0515, indicating buyers are losing momentum.
The structure suggests a likely short-term correction before the market attempts another move.
Trade Setup (Short Position)
Entry Range: 0.0513 – 0.0508
Target 1: 0.0498
Target 2: 0.0487
Target 3: 0.0475
Stop Loss (SL): 0.0528
Short Outlook of Market
COOKIE/USDT is showing weakening bullish strength after failing to hold above 0.0525. If candles continue closing below 0.0508, sellers are likely to gain control, pushing the price back toward the 0.0480 zone. Only a strong reclaim above 0.0528 would invalidate the bearish reversal setup.
COOKIE/USDT has formed a clear bearish reversal signal on the 15m timeframe after a strong impulsive pump. The long upper wicks near 0.0530 show heavy selling pressure, and price has already begun retracing back below 0.0515, indicating buyers are losing momentum.
The structure suggests a likely short-term correction before the market attempts another move.
Trade Setup (Short Position)
Entry Range: 0.0513 – 0.0508
Target 1: 0.0498
Target 2: 0.0487
Target 3: 0.0475
Stop Loss (SL): 0.0528
Short Outlook of Market
COOKIE/USDT is showing weakening bullish strength after failing to hold above 0.0525. If candles continue closing below 0.0508, sellers are likely to gain control, pushing the price back toward the 0.0480 zone. Only a strong reclaim above 0.0528 would invalidate the bearish reversal setup.
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