$COLLECT is experiencing a relief bounce but continues to face heavy resistance.
SHORT $COLLECT
Trade Setup:
Entry Range: 0.0588 – 0.0602
SL: 0.0635
TP1: 0.0555
TP2: 0.0528
TP3: 0.0496
Price was recently rejected around the 0.065 resistance area, and the market now appears to be losing momentum following the rebound from 0.045 support. The current bounce is moving into an important supply zone where sellers have previously entered the market.
If the price cannot break and hold above 0.060, selling pressure may drive it back toward the 0.055 – 0.050 liquidity zone as the correction progresses. Keep risk management in mind and monitor price behavior closely near resistance.
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Trade hare 👇$COLLECT
📉


COLLECTUSDT
Perp
0.04408
-5.18%