š$WIN
BEARISH TECHNICAL ANALYSIS ā SELLERS REGAIN CONTROL AFTER STRONG SPIKE
$WIN shows signs of losing bullish momentum after the sharp upside move. The recent wick rejections from the upper resistance zone indicate that buyers are failing to push above the key ceiling, while price has started forming lower highs on the lower timeframe.
The breakdown from the intraday support confirms early weakness, signaling a possible correction. Increasing selling pressure near the resistance suggests that the market may shift into a bearish retracement phase before any chance of recovery.
If price continues to trade below the mid-range resistance, the bearish setup remains intact with room for deeper downside targets.
Targets (TP):
ā¢ TP1: 0.00004050
ā¢ TP2: 0.00003680
ā¢ TP3: 0.00003200
Stop Loss (SL):
ā¢ Above 0.00005370 resistance zone or the recent swing high.
Risk Management:
Use small position sizing, avoid emotional entries, and ensure SL is placed before executing the trade to protect capital.