$COLLECT/USDT SHORT TRADE SETUP
$COLLECT is currently trading at 0.03390, showing massive bearish pressure with a staggering -35.40% decline over the last 24 hours. The price has aggressively broken below several intraday support levels, recently hitting a 24-hour low of 0.03349. Technical indicators on the 15m chart show a relentless downward trend after failing to sustain a move toward the 0.04153 resistance area. With the 7-day and 30-day performance showing heavy losses of -55.42% and -60.21% respectively, market sentiment remains overwhelmingly negative. The absence of any significant buying vol
ume suggests that the asset could be heading for deeper price discovery as traders liquidate their positions.
Target Points
TP1: 0.03308 (Immediate psychological support and potential local floor)
TP2: 0.03150 (Extended target based on current bearish trajectory)
TP3: 0.02980 (Long-term support level in a continued sell-off scenario)
Stop Loss
Set stop loss above 0.03663 to manage risk against a potential sharp relief rally or a retest of the recent breakdown zone.
Buy and Trade here on $COLLECT