The previous upward momentum has completely disappeared, and the bulls are unable to mount an effective counterattack in the key area. Seller strength is gradually increasing, confirmed by the MACD dead cross and the price being held down by the short-term moving averages. The current narrow range is more like a consolidation in a downtrend, with any rebounds facing heavy selling pressure. The liquidity feels heavy, and this structure usually indicates further downside as long as sellers remain active.
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The downward momentum is building, and sellers are starting to exert pressure at key levels.
Go short on $CLANKER now.
Entry: 35.05 – 35.30
Stop loss: 35.50
First target: 34.50
Second target: 33.72
The previous upward momentum has completely disappeared, and the bulls are unable to mount an effective counterattack in the key area. Seller strength is gradually increasing, confirmed by the MACD dead cross and the price being held down by the short-term moving averages. The current narrow range is more like a consolidation in a downtrend, with any rebounds facing heavy selling pressure. The liquidity feels heavy, and this structure usually indicates further downside as long as sellers remain active.
Go short here $CLANKER 👇