$CITY /USDT – BEARISH PRESSURE BUILDING BELOW KEY LEVEL!
The recent price action of $CITY/USDT on the 15-minute chart suggests a shift towards bearish momentum as the price fails to reclaim upper highs and forms lower highs around $1.055.
🔍 Current Price: $1.039
🔻 Resistance Levels:
$1.050 – Minor resistance
$1.056 – Key short-term resistance
🛡️ Support Levels:
$1.030 – Immediate support
$1.023 – 24h low and crucial breakdown zone
🔻 Trade Setup – SHORT Opportunity
Entry: $1.040 – $1.043 range
Take Profit (TP):
TP1: $1.030
TP2: $1.024
Stop Loss (SL): $1.050
📉 Market Outlook:
CITY is showing signs of a short-term distribution pattern. Rejections from upper wicks and consistent failure to hold above $1.045 are signs of sellers stepping in. If the price breaks below $1.030 with volume, expect an accelerated drop toward $1.023 and lower.
⚠️ Risk Management Tip:
Use strict SL and allocate only 1-2% of your capital per trade. Avoid revenge entries and monitor key levels closely.
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