šØ $SIGN /USDT ā Sideways After Steep Drop, No Breakout Yet ā ļø
SIGN has been stuck in a bearish structure, bouncing weakly after hitting a low of $0.06245. With price hovering at $0.06503 and all major moving averages above it, bulls need more conviction to shift the current trend.
š Technical Analysis
⢠MA Status: Trading below MA(7) = $0.06538, MA(25) = $0.06796, and MA(99) = $0.07346 ā confirms bearish momentum.
⢠Support Zone: $0.0624 ā $0.0640 is critical to hold; a breakdown below could trigger retests of $0.0617.
⢠Resistance Zone: $0.0665 ā $0.0685 is immediate resistance; beyond that lies $0.0720 (MA cluster).
⢠Price Structure: Weak bounce with declining volume. Trend still favors sellers.
šÆ Trading Plan
š“ Bearish Setup (Continuation)
⢠Entry: $0.0655 ā $0.0665
⢠TP1: $0.0635
⢠TP2: $0.0618
⢠SL: $0.0688
š¢ Speculative Long Setup
⢠Entry: $0.0625 ā $0.0640
⢠TP1: $0.0665
⢠TP2: $0.0685
⢠SL: $0.0613
š Note: SIGN must reclaim and close above $0.0680 with volume to gain bullish momentum. Until then, cautious short setups remain favorable.
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