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$PUNDIX /USDT BEARISH BREAKDOWN INITIATED — SHORT SELLERS GAIN CONTROL!
Price has broken below the consolidation zone and is currently retesting the previous support as resistance around $0.5330. This rejection signals that bears are in control, setting up for a potential downward move. The lower highs and failed breakout confirm weakening momentum.
Trade Setup (Short):
Entry: $0.5330
Take Profit Targets: $0.4716 / $0.4253
Stop Loss: $0.5660
Market Outlook:
Unless bulls reclaim the $0.54 resistance level with strong volume, price action favors a bearish continuation. This setup presents a good risk-reward ratio for short trades with confirmation from rejection candles.
Command: Stay alert, take the shot and ride the dip!
#CryptoTrading #BearishSetup #BinanceAnalysi #PUNDIX #Altcoins
Price has broken below the consolidation zone and is currently retesting the previous support as resistance around $0.5330. This rejection signals that bears are in control, setting up for a potential downward move. The lower highs and failed breakout confirm weakening momentum.
Trade Setup (Short):
Entry: $0.5330
Take Profit Targets: $0.4716 / $0.4253
Stop Loss: $0.5660
Market Outlook:
Unless bulls reclaim the $0.54 resistance level with strong volume, price action favors a bearish continuation. This setup presents a good risk-reward ratio for short trades with confirmation from rejection candles.
Command: Stay alert, take the shot and ride the dip!
#CryptoTrading #BearishSetup #BinanceAnalysi #PUNDIX #Altcoins
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