After a wave of continuous selling and a brief respite, $COLLECT 's price has entered consolidation. The current sideways movement appears to be a consolidation pattern rather than a bottom reversal signal. Buyer momentum remains weak in oversold conditions, and once the key support is broken, a new round of selling is expected to trigger, clearing out liquidity below. Structurally, the bears still control the situation.
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$COLLECT has temporarily stabilized after a deep decline, but the bearish structure remains intact, and selling pressure is building up.
Go short on $COLLECT now.
Entry: 0.05550 – 0.05600
Stop Loss: 0.05820
Take Profit 1: 0.05450
Take Profit 2: 0.05300
Take Profit 3: 0.05000
After a wave of continuous selling and a brief respite, $COLLECT 's price has entered consolidation. The current sideways movement appears to be a consolidation pattern rather than a bottom reversal signal. Buyer momentum remains weak in oversold conditions, and once the key support is broken, a new round of selling is expected to trigger, clearing out liquidity below. Structurally, the bears still control the situation.
Trade $COLLECT here 👇