$1000CAT shows signs of exhaustion after a sharp pump, with a strong reversal wick from $0.01290.
- Key levels:
- Resistance: $0.01220-$0.01280
- Support: $0.01060-$0.01000
- Short trade setup:
- Entry: $0.01140-$0.01160 (on bearish retest)
- Targets: $0.01090, $0.01050, $0.00990
- Stop-loss: $0.01295
- Potential: Decreasing bullish momentum and volume divergence suggest sellers may dominate, with bearish confirmation recommended before entry.
