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$S shows signs of fatigue after a strong rally, with sellers starting to exert pressure at a key resistance level.
Go short $S
Entry: 0.0490 – 0.0500
Stop Loss: 0.0515
First Target: 0.0465
Second Target: 0.0450
Third Target: 0.0410
The upward momentum is weakening, with RSI and MFI both entering overbought territory. The price appears sluggish after moving away from the upper Bollinger Band. Facing strong historical resistance, buyers are beginning to retreat, while seller liquidity is gradually gaining the upper hand. This typically indicates a high probability of a short-term correction. As long as selling pressure persists, downside potential will open up.
Trade $S here 👇