š» $DCR /USDT Bearish Momentum Signal ā Sharp Rejection, Pullback Likely!
DCR just faced a strong rejection after hitting $26.64, forming a long upper wick that signals heavy selling pressure. The sudden drop back toward the mid-24 range shows that bulls are losing control and momentum is shifting toward the bears. On the 1-hour chart, the candles are turning red with lower highs forming, indicating a potential short-term downtrend. As long as DCR stays below the $25.40 resistance zone, the bearish bias remains strong. Traders can look for a clean entry within the zone below, aiming for a pullback into key support levels. Use strict risk management and follow SL tightly.
š“ Entry Zone:
$24.80 ā $25.20
š Stop-Loss:
$25.70
šÆ Targets:
TP1: $24.10
TP2: $23.40
TP3: $22.80

DCR
24.84
+5.12%