$C Weak bounce into resistance, continuation setup still in play

Trading Plan: Short $C (max 10x)

Entry: 0.077 – 0.081

SL: 0.086

TP1: 0.072

TP2: 0.067

TP3: 0.062

Price managed a bounce, but the move lacks strength and conviction. Momentum remains weak, and buyers are struggling to build any meaningful follow through. The structure continues to print lower highs, indicating that sellers are still firmly in control of the trend.

Rejections at resistance like this typically signal exhaustion from buyers rather than a reversal. Unless price can reclaim strength and break above this zone, the setup favors downside continuation as the broader trend looks ready to extend lower.

$C

CUSDT

Perp

0.06839

-3.92%