$C98 Short on Parabolic Rejection 📉🔥
A textbook short setup is forming on the 1-hour chart. Price saw a parabolic impulse, got sharply rejected with clear wicks, and is now forming immediate lower highs while compressing under prior supply. This is classic distribution after a news-driven spike.
🎯 Short Entry Zone
Entry: 0.0216 – 0.0212
Stop Loss:0.0240
TP1: 0.0198
TP2: 0.0190
TP3: 0.0185
The failure to hold the breakout zone is the key signal. The market structure favors a continuation of the distribution move.
C98USDT
Prep
0.0325
+35.41%