$FORM /USDT – Bearish Resistance Pressure
Trade Type: Short
Entry: 0.2610 – 0.2630
Stop Loss: 0.2665
Take Profit 1: 0.2580
Take Profit 2: 0.2550
Take Profit 3: 0.2515
Price is repeatedly rejecting the 0.262–0.266 resistance zone, showing strong seller presence near recent highs. The inability to break and hold above this level signals weakening bullish momentum.
Structure reflects a lower high formation after the previous rejection at 0.2661, indicating continuation of a short-term downtrend. Price is also trading under supertrend resistance, reinforcing bearish control.
Momentum remains choppy with fading buying pressure, suggesting distribution rather than accumulation. A rejection from entry levels increases probability of a move back toward the 0.255 support zone.
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