๐ป $BROCCOLI714 ALERT: Bears Holding the Line! Prepare for the Drop! ๐
The bears are firmly in control of the $BROCCOLI714 4H chart! Price action is completely suffocated beneath key resistance, signaling high probability for further downside.
The Current Pressure Points:
Resistance Rejection: The latest rally attempt failed, confirming rejection near the overhead resistance at $0.01581. Sellers are ready to defend this zone!
The Downside Pivot: The immediate floor (support) rests at $0.01437. A failure here triggers the next phase of the sell-off.
Strategic Trade Zones:
โ ๏ธ SHORT OPPORTUNITY: Traders should eye short setups on weak bounces towards $0.01537 or the main ceiling at $0.01581. Look for bearish reversal patterns (like shooting stars or bearish engulfing) in these zones for optimal entry.
LONG SCALP (Risky): Only consider a short-term long scalp if price successfully reclaims and consolidates above the $0.01581 resistance level.
๐ KEY WARNING: A breach of the $0.01437 support will immediately accelerate the drop towards the critical psychological level at $0.01205.
๐จThe structure is bearish until proven otherwise. Prioritize capital preservation and trade with the prevailing trend. Wait for confirmation at the key resistance zones before initiating a Short. ๐
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