š $1000CAT ā short from EMA resistance

1000CATUSDT
Perp
0.002315
-5.62%
š Technical analysis
On the 1H timeframe, price remains in a bearish structure, trading below the EMA cluster, which is acting as dynamic resistance. The recent push higher was corrective and got rejected near the descending EMA zone, indicating seller control and
weak upside continuation.
Volume does not confirm a bullish breakout, and the market continues to form lower highs.
š” Technical scenario (Short)
šÆ Entry zone: 0.00266 ā 0.00272
šÆ Targets:
⢠0.00260 (local support)
⢠0.00255
⢠0.00248
āļø Stop-loss: above 0.00275 (1H close above EMA resistance)
š Confirmation: bearish rejection from the EMA zone or 1H close below 0.00260