$42 dead-cat bounce risk, heavy supply overhead.

Short $42

Entry: 0.0220 – 0.0240

SL: 0.0280

TP1: 0.0202

TP2: 0.0185

TP3: 0.0160

42 has experienced a sharp selloff with extreme volume, signaling distribution rather than healthy correction. The bounce attempts are weak and price remains well below the prior value area, with sellers aggressively defending overhead levels around 0.024–0.028.

No acceptance above this zone so far, suggesting the move up is corrective.

$42