$CITY /USDT BEARISH RETEST – BULLS LOSING CONTROL ⚠️🏙️
$CITY is currently trading at $1.040, down -1.98%, and showing signs of weakness after failing to hold gains from its recent spike to $1.156. The structure suggests a bearish retest of previous support, now acting as resistance. 📉
🔍 KEY TECHNICAL LEVELS:
Current Price: $1.040
Resistance Zone: $1.050–$1.060 🔼
Major Resistance: $1.156 (24h high)
Support 1: $1.030 🛡️
Support 2: $1.023 (24h low)
CITY is trading in a tight descending channel, with rejection near resistance and low buying momentum. A break below $1.030 could trigger further downside. 📉
🎯 TRADE SETUP – SHORT ENTRY IDEA:
Entry Zone: $1.045–$1.055 ❌
Take Profit Targets:
TP1: $1.030
TP2: $1.010
Stop Loss: $1.062 ❌
Wait for rejection near resistance or confirmation of breakdown. Favor short setups unless bulls reclaim $1.060 with volume.
🛡️ RISK MANAGEMENT:
Risk 1–2% max. Respect your SL and don’t chase losses. This is a reactive play — protect your capital and trade with discipline. 💼📊
CITY LOOKS WEAK UNDER PRESSURE – TRADE SMART, TRADE SAFE! 🚫📉
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