$CRYPTO MARKET TECHNICAL ANALYSIS - SHORT TRADE SIGNAL
Trade Setup:
SHORT ENTRY: 175,000,000,000
TP1: 114,000,000,000
TP2: 52,000,000,000
SL: 190,000,000,000
Short Outlook of Market:
The chart, which appears to be from CoinMarketCap and shows a multi-year view of a cryptocurrency market, indicates a significant and rapid parabolic rally that is now showing signs of topping out. The vertical spike in the market capitalization, as shown by the sharp curve, is an unsustainable growth pattern. Based on technical analysis principles, such explosive moves are often followed by an equally sharp and deep correction. The current level of 175,560,655,101,69 is a clear peak, and the market is highly likely to experience a substantial retracement to previous support levels. The historical trend shows that after a period of exponential growth, the market corrects to retest prior consolidation zones. The short-term outlook is bearish, with a high probability of a significant downturn.
