Price has been slowly bleeding lower for a while now, with every bounce getting sold and no real follow-through from buyers. You can clearly see how $DATA kept forming lower highs, and once support around the mid-0.006 zone gave way, sellers stayed in control without much resistance. The current candles near 0.0057 show weak demand and no strong reaction yet, which means this move still looks like continuation rather than a completed drop. Unless buyers step in aggressively and reclaim broken structure, the pressure remains to the downside.
Trade Setup
Bias: Short continuation
Entry Area: 0.0058 – 0.0059
Targets:
TP1: 0.0054
TP2: 0.0051
TP3: 0.0047
Stop Loss: 0.0062
DATA
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