$2Z – Bears Showing Strength After Rejection
Market Structure (MS):
2Z has cooled off after its explosive rally, now showing weakness below the $0.54–$0.55 zone. The rejection from $0.6196 has shifted momentum short-term, and price is consolidating closer to $0.50 support.
Key Levels:
• Resistance: $0.5400 – $0.6200
• Support: $0.5039
• Next Downside Target: $0.4800 – $0.4600
Bearish Outlook:
Momentum favors the bears as long as 2Z trades below $0.5400. If price loses $0.5039 support, a quick move toward $0.4800–$0.4600 becomes likely. Buyers need to reclaim $0.5400 to invalidate this setup.
Stop-Loss Strategy:
• Conservative SL: above $0.5400
• Aggressive SL: above $0.5600
Bias remains bearish unless bulls step back above $0.54 with volume.
