$TAG
BEARISH STRUCTURE SIGNALING POTENTIAL DOWNSIDE
$TAG is forming a bearish continuation setup after failing to sustain above the short- and mid-term moving averages. Price is showing rejection from the upper supply zone, indicating that sellers are stepping in, while the recent bounce appears corrective rather than a trend reversal.
The market structure highlights lower highs forming near resistance, suggesting a high probability of a downside move toward key demand zones. As long as price stays below the resistance cluster, bears remain in control.
SELL ZONE:
0.000420 – 0.000431
TARGETS (TP):
TP1: 0.000393
TP2: 0.000380
TP3: 0.000366
STOP LOSS (SL):
Above 0.000434
RISK MANAGEMENT:
Risk only 1–2% per trade, wait for rejection confirmation at resistance, and secure partial profits at each target.
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