#MatrixFamily listen to me carefully… $NIGHT is struggling to break resistance and showing clear signs of exhaustion, this is shaping into a clean short setup from the top range
Entry Range: 0.0372 – 0.0378
Stop Loss: 0.0386
Targets:
TP1: 0.0362
TP2: 0.0354
TP3: 0.0345
Price attempted multiple pushes towards the 0.0375 zone but failed to sustain above it, forming repeated rejections and weak bullish follow-through. The structure shows lower high formation on smaller timeframes, which is a signal of fading momentum.
We are seeing a range-bound distribution near resistance, and this type of structure usually breaks to the downside when buyers lose strength. Instead of chasing, the better approach is to wait for price to stay below resistance and enter on weak bounces.
Invalidation: A strong breakout and hold above 0.0386 will invalidate this short setup and shift momentum back to bullish
Entry Range: 0.0372 – 0.0378
Stop Loss: 0.0386
Targets:
TP1: 0.0362
TP2: 0.0354
TP3: 0.0345
Price attempted multiple pushes towards the 0.0375 zone but failed to sustain above it, forming repeated rejections and weak bullish follow-through. The structure shows lower high formation on smaller timeframes, which is a signal of fading momentum.
We are seeing a range-bound distribution near resistance, and this type of structure usually breaks to the downside when buyers lose strength. Instead of chasing, the better approach is to wait for price to stay below resistance and enter on weak bounces.
Invalidation: A strong breakout and hold above 0.0386 will invalidate this short setup and shift momentum back to bullish