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$SPACE The upward momentum is waning, and sellers may be gaining the upper hand at the key resistance level.
Go short $SPACE
Entry: 0.00521 – 0.00527
Stop Loss: 0.00528
Target 1: 0.00485
Target 2: 0.00464
Target 3: 0.00439
After a strong rebound, the price is facing significant pressure from the long-term moving averages and the key resistance zone. The RSI indicator is in the deeply overbought area, indicating that buyers are becoming exhausted and selling pressure is building. The current consolidation looks like a pause at the top rather than preparation for the next rally. If sellers gain control under the pressure, it often opens the door for a deeper downward correction.
Trade $SPACE here 👇