$TST - SHORT Setup
Entry: 0.0162 – 0.0166 (On a rejection after retesting the breakdown level/resistance zone)
Target 1:0.0150
Target 2:0.0145
Stop Loss:0.0171 (Above the 24h high and key swing high)
My View:
TST is trapped in a strong downtrend,down over 60% in 90 days. The price has broken below all recent support and is now consolidating near the lows. The 7-day bounce of 6.94% appears to be a weak relief rally within a much larger bearish structure. The volume on the rise is unconvincing. The chart shows a clear lower high pattern, and the price is now approaching a resistance area between $0.0162 and $0.0166, which was previous support. The order book indicates more selling pressure than buying. The high-probability strategy is to short into this bounce, anticipating a continuation of the primary downtrend towards new lows.
Bias: Bearish below $0.0166. A break and hold above $0.0172 would be needed to reconsider.
