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$COLLECT temporarily stops falling, but the rebound lacks strength, and the bearish structure remains solid.
Go short now $COLLECT
Entry: 0.05900 – 0.05950
Stop loss: 0.06020
Take profit 1: 0.05640
Take profit 2: 0.05390
Take profit 3: 0.05150
After a significant decline, the price has entered a narrow consolidation range, which is often a healthy pause in a downtrend. However, the price is still suppressed by all key moving averages, and the MACD death cross structure has not changed. Any rebound to recent resistance levels may be quickly suppressed, providing a better risk-reward ratio for bears to re-enter. Overall selling pressure remains heavy, and the downtrend is far from over.
Trade $COLLECT here 👇