$US – Bounce Into Resistance, Momentum Fading
Trading Plan: Short $US
Entry: 0.00375 – 0.00395
Stop Loss: 0.00415
Take Profit Targets:
TP1: 0.00345
TP2: 0.00310
TP3: 0.00280
The recent bounce has extended into a key resistance zone, but upward momentum is clearly starting to weaken. While buyers initially pushed price higher, the lack of strong follow-through suggests exhaustion. Price action is becoming increasingly choppy, indicating indecision and a potential shift in control.
With momentum cooling and price struggling to break higher, this area favors a potential rejection. If sellers step back in, a pullback toward lower support levels becomes likely.
Trade $US here 👇
US
Alpha
0.0041777
+21.95%