After a sharp sell-off, the price has experienced a technical rebound, but upward buying interest is clearly lacking confidence. The shrinking trading volume indicates that the current rally is more about short covering than new buying interest. This provides a better entry point for bears, and we expect sellers to take advantage of this opportunity to re-enter in the resistance zone, once again suppressing the price and continuing the downward trend.
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$AZTEC Short-term rebound encounters resistance, selling pressure is re-accumulating.
Go short immediately $AZTEC
Entry: 0.01770 – 0.01790
Stop loss: 0.01810
Take profit 1: 0.01675
Take profit 2: 0.01610
Take profit 3: 0.01550
After a sharp sell-off, the price has experienced a technical rebound, but upward buying interest is clearly lacking confidence. The shrinking trading volume indicates that the current rally is more about short covering than new buying interest. This provides a better entry point for bears, and we expect sellers to take advantage of this opportunity to re-enter in the resistance zone, once again suppressing the price and continuing the downward trend.
Trade immediately $AZTEC 👇