$1000CAT

– LOWER HIGH FORMING, BEARISH RETEST UNDERWAY

REJECTED AT $0.01199

BOUNCE CAPPED BELOW $0.01120 ZONE

$1000CAT faced a sharp sell-off after tagging the $0.01199 high, dropping to $0.00991 before attempting a weak bounce. The current recovery is stalling below previous support, indicating a likely lower high formation. If price fails to reclaim the $0.01120–$0.01140 zone, a fresh leg down may unfold.

Short Trade Setup:

• Entry: $0.01100 – $0.01130

• Stop Loss: $0.01160

• Target 1: $0.01020

• Target 2: $0.00960

• Target 3: $0.00890

If the bounce fails at resistance, sellers may regain control quickly. Watch for bearish structure confirmation on lower timeframes.

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