Mark my words, this chart is showing classic signs of exhaustion. After a prolonged downtrend, we see the price coiling in a tight range. Pay close attention to the two major volume spikes in late November and early December; both were aggressive attempts to rally that were met with brutal rejections from overhead resistance. This is a tell-tale sign of absorption by sellers. Now, the volume has completely died down, indicating that buying pressure is spent. With weak momentum confirmed by the flat RSI and a MACD that's barely breathing, the path of least resistance is clearly downwards. This is not a base for a reversal; it's a pause before the next leg down. Enter with discipline.
For clear execution:
Entry: 0.1120 (On a confirmed break below the current range)
Target 1: 0.0950
Target 2: 0.0831
Target 3: 0.0700
SL: 0.1265
RECALLUSDT
Perp
0.1079
-5.18%
METUSDT
Perp
0.2594
-2.59%
SENTUSDT
Perp
0.04564
-2.06%
