$TOKEN – SHARP SPIKE FOLLOWED BY RAPID REJECTION

The chart shows a sudden upward wick to 0.00000496, but the momentum was short-lived as sellers quickly stepped in, dragging the price back down near 0.00000493. This kind of swift rejection signals strong resistance at higher levels, with buyers unable to sustain the breakout.

If bulls manage to reclaim and hold above 0.00000496, a recovery push could follow, but failure to do so leaves the market vulnerable for another retest of lower supports. Traders should stay cautious as volatility remains high.

Trade Setup (Short Bias):

Entry: 0.00000495 – 0.00000496

Targets: 0.00000494 / 0.00000493

Stop Loss: 0.00000497

This setup reflects a classic “fake-out” rejection — patience and discipline are key here.

#CryptoTrading #BinanceFutures #MarketUpdate #PriceAction #WriteToEarn