♦️$USTC
BEARISH REVERSAL SETUP: PROFIT-TAKING LIKELY AHEAD
$USTC has shown a sharp impulsive move followed by clear rejection near the upper resistance zone. The rally appears overstretched, and price action on the lower timeframes suggests distribution after a strong push. Failure to hold above the recent breakout area increases the probability of a corrective move. Momentum indicators indicate bearish divergence, hinting at weakening buying strength and a potential pullback toward key supports.
Entry: Short below 0.00780
Targets (TP):
TP1: 0.00750
TP2: 0.00700
TP3: 0.00670
Stop Loss (SL): 0.00860
Key Levels:
Resistance: 0.00850 / 0.00880
Support: 0.00750 / 0.00700 / 0.00670
Risk Management: Use strict position sizing and risk only 1–2% of total capital on this trade; trail stop after TP1 is achieved.