Market shows bearish momentum as price fails to break through $5.30.
Watch for a price rejection at $5.30 for confirmation of a short entry.
Volume should decrease near resistance, indicating a potential breakdown.
Risk Management:
Risk no more than 1-2% of your total capital per trade.
Ensure stop loss is placed above resistance to limit losses.
Momentum Insight: Bearish trend with lower highs, confirming downward movement. Maintain vigilance for a breakout in the opposite direction, but the current market setup suggests a potential drop.