$CITY – BEARS GAIN CONTROL AFTER SHARP DROP
$CITY has slipped to $1.126 (-1.40%), failing to sustain its recovery after hitting a 24h high of $1.198. The recent breakdown to $1.099 exposed weak buying pressure, and price action now faces heavy resistance near $1.138–$1.140. Sellers continue to dominate the order flow, with lower highs forming on the chart, signaling fading momentum.
Short Entry Zone: $1.128 – $1.135
Stop Loss: Above $1.145
Targets:
TP1: $1.110
TP2: $1.099 (24h low)
TP3: $1.085 if selling accelerates
A confirmed close below $1.099 could open the door to deeper losses, with bears eyeing the $1.070 zone next. Risk management remains crucial in this high-volatility range.