$TURTLE /USDC BEARISH TREND UNDER PRESSURE
Price structure shows continued weakness with the market trading below key moving averages and failing to establish higher highs. Parabolic SAR remains above price across multiple timeframes, confirming that sellers are still in control of the broader direction. Recent attempts to stabilize have been shallow, suggesting relief bounces are corrective rather than trend-changing.
Williams %R is deeply in the oversold region, which may allow short-lived pullbacks, but momentum overall remains bearish as long as price stays below dynamic resistance zones. Expanding volatility bands signal the potential for another strong move, with the dominant pressure still pointing downward.
Trade Setup: Short Position
Entry Zone: Retracement toward intraday resistance and moving average cluster
Stop Loss: Above the latest lower high and SAR resistance level
TP1: Recent minor support area from short-term consolidation
TP2: Stronger horizontal support from prior demand reaction
TP3: Extended downside target aligned with higher timeframe support structure
Risk Management:
Keep risk per trade limited, aim for a minimum 1:2 risk-to-reward ratio, secure partial profits at TP1, and trail stop loss after confirmation of continuation to protect against sharp reversals.
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