$SAGA – FAILED BREAKOUT OR FAKE STRENGTH? BEARS RELOADING
SHARP REJECTION FROM HIGH • VOLUME SPIKE WITHOUT FOLLOW-THROUGH
$SAGA surged to $0.2473 but quickly reversed, printing a strong wick and now struggling to hold above $0.2415. The rejection near the top and choppy candle structure signal a lack of conviction from bulls. With no clear breakout and price falling back toward the support range, the setup now leans bearish unless momentum shifts swiftly.
Short Setup (Rejection Play):
• Entry: $0.2415 – $0.2430
• Target 1: $0.2380
• Target 2: $0.2345
• Stop Loss: $0.2475
If bulls fail to reclaim the $0.2436 level convincingly, expect renewed selling pressure. Monitor volume closely—weak pushes higher could invite a sharp drop.
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