$CHILLGUY /USDT BEARISH TRADE SETUP 🔻
Entry (Short): Below $0.04900 confirmation
Target 1: $0.04650
Target 2: $0.04400
Stop Loss: Above $0.05500
📉 Why Bearish?
Lower High Formation:
Price made a lower high around $0.052 after failing to reclaim the previous swing top.
Indicates weak bullish momentum.
Strong EMA Resistance:
Price is struggling to close above the 50 EMA (red), showing that sellers are active.
Bearish Flag or Rising Wedge Structure:
The recent upward bounce could be a bearish flag within a broader downtrend.
If price gets rejected near $0.05090 again, expect continuation down.
Volume Weakness:
No significant buying volume on the recovery candles – fakeout risk is present.
