$C98

C98/USDT Short Trade Signal: Bearish Outlook🥲

C98 is currently experiencing significant bearish pressure, indicating a likely continuation of its downward trend. The price has faced a strong rejection at the $0.0647 level, followed by a sustained decline to its current price of $0.0585. This movement is accompanied by increasing sell volume, suggesting that sellers are in control and aiming for lower support levels. There are no strong reversal signs evident at this time.

Trade Setup (Short):

* Entry: $0.0585

* Take Profit: $0.0550

* Stop Loss: $0.0604

Market Outlook:

The momentum for C98 is clearly bearish, with a breakdown of intraday support levels. Should selling volume remain elevated and the Relative Strength Index (RSI) continue to reflect weakness, further downside movement is anticipated. Traders are advised to manage risk tightly, as short-term price bounces can occur even within a dominant bearish trend.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading carries significant risk, and you could lose all of your capital. Always conduct your own research and consider your risk tolerance before making any trading decisions.