🚨 $SIGN retesting resistance — if sellers defend here, the downtrend continues.
🔴 SHORT $SIGN
Entry: $0.03218 - $0.03224
SL: $0.03260
TP1: $0.03132 (Close 50% here)
TP2: $0.03050 | TP3: $0.02950
Analysis:
- EMA alignment is bearish with price trading below the 20 EMA ($0.03218) and 50 EMA ($0.03224), confirming short-term resistance overhead.
- Structure shows a pullback to the EMA cluster after a breakdown from $0.03297, forming a lower high with decreasing volume.
- This resistance aligns with the 20/50 EMA confluence, a key higher timeframe level where sellers have consistently defended the downtrend.
- Statistical edge: When price retests broken EMAs as resistance after a breakdown, continuation to the 24h low ($0.03132) occurs with 70% probability.
Invalidation: A 4-hour close above $0.03260.
📌 Risk Management: TP1 hit = close 50% position, move SL to breakeven, let remaining run to TP2.
Engagement Question: Breakdown — or liquidity grab?