$PEAQ /USDT — Rejection After Spike, Bearish Continuation Setup 🔻
$PEAQ is showing clear weakness after a sharp upside spike followed by strong rejection. Momentum is starting to turn heavy as buyers fail to hold the highs, suggesting this move may have been a liquidity grab rather than a true breakout.
Price is now slipping back into a lower structure, and downside continuation becomes likely if selling pressure remains active.
Trade Plan (Short Bias)
Entry Zone:
0.0198 – 0.0205
Stop Loss:
0.0225
Targets:
TP1: 0.0188
TP2: 0.0175
TP3: 0.0160
Technical Insight
Spike rejection confirms supply overhead
Momentum cooling after expansion
Buyers losing control near local resistance
Clean downside path opens below 0.0190
As long as price stays capped under the entry zone, the bearish setup remains favored.
📉 Trade with discipline, manage risk.
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