$SIGN Signal Lost Bears Tighten Their Grip....
$SIGN is slipping steadily after a strong rally in July, now down over 18% in the last 7 days. On the daily chart, price has broken below key support at 0.070 and is trading around 0.06878 signaling continuation of the downtrend if buyers don’t step in soon.
Trade Setup – SHORT
• Entry Zone: 0.06850 – 0.06900
• Stop Loss: 0.07120
• Target 1: 0.06600
• Target 2: 0.06350
• Target 3: 0.06000
Market Insight:
The momentum has clearly shifted in favor of the sellers. Daily red candles, weakening volume on bounces, and lower highs suggest further downside potential. A clean break below 0.06850 could open room for a sharper drop.
Pro Tip: Ideal for short scalps with tight SL. Monitor closely for any fakeouts near support zones.