Mark my words, this rally is completely out of steam. The structure here is undeniably bearish. After that explosive run-up, we are seeing a classic exhaustion pattern. Look at the volume – it’s completely dying on every pathetic attempt to bounce, while selling pressure remains significant. Momentum is firmly in bearish territory, with the MACD well below the zero line and showing no signs of a bullish crossover. The price has been repeatedly rejected by the middle Bollinger Band, which is now acting as heavy resistance. This is a textbook case of a trend reversal with weak momentum building for another leg down. Enter with discipline; don't chase the market.
For clear execution:
Entry: 405
Target 1: 300
Target 2: 250
Target 3: 200
SL: 440
ZECUSDT
Perp
403.83
-5.11%
YALAUSDT
Perp
0.02567
-5.17%