$SAHARA BEARISH REVERSAL ALERT – SELLERS TAKING CONTROL!
$SAHARA has shown a sharp rejection from the recent high of 0.10899, dropping back below 0.10200, signalling strong bearish pressure entering the market. Currently trading at 0.10012, it is struggling to hold minor supports with momentum weakening on lower timeframes.
🔑 Key Levels:
Resistance: 0.10400 – 0.10899
Support: 0.09800 – 0.09600
Current Price: 0.10012
📉 Trade Setup (Short):
Entry Zone: 0.10050 – 0.10150
Take Profit 1 (TP1): 0.09850
Take Profit 2 (TP2): 0.09650
Stop Loss (SL): 0.10300
📊 Market Outlook: Momentum is shifting bearish after rejection from key highs. If price stays below 0.10200, further downside towards 0.09600 is expected. Sellers have stepped in with volume confirmations, making this a potential short opportunity on breakdown retests.
⚠️ Risk Management: Always use strict stop losses. Never risk more than 1-2% of your capital per trade. Wait for confirmations before entering to avoid false breakdown traps.
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