#StopLossStrategies Under severe selling pressure after failing to stay above $2.10. The price has consistently formed lower highs, indicating strong bearish momentum. The recent drop below $2.08 confirms short-term weakness. With no significant support nearby, the market seems poised for further decline. Bears are now in complete control.
Trade Setup:
Entry: 2.0810–2.0880
Target 1: 2.0450
Target 2: 2.0120
Final Target: 1.9820
Stop Loss: 2.1225
If it surpasses $2.07, expect acceleration towards $2.00. Use risk management wisely and monitor stop points to effectively capitalize on the drop.
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