SHORT $D - BREAKDOWN FROM RESISTANCE WITH SUSTAINED BEARISH MOMENTUM
Current Price: $0.01241
Signal: Price has broken down from recent resistance with sustained bearish momentum across all timeframes, indicating potential for further decline.
Entry: 0.01235 - 0.01245
TP1: 0.01200
TP2: 0.01170
TP3: 0.01140
SL: 0.01260 (above MA60 resistance)
CHART ANALYSIS:
MA60 Resistance Hold: Price rejected at MA60 ($0.01235) confirming this as strong resistance level.
Multi-Timeframe Weakness: Consistent negative returns across all timeframes (-0.35% daily to -90.36% yearly) shows entrenched selling pressure.
Breakdown Structure: Price action shows clear rejection from moving average with follow-through selling.
Extreme Yearly Decline: -90.36% annual return indicates fundamental or sector-specific challenges.
Technical Downtrend: Consistently lower highs and lower lows pattern confirms established bearish structure.
#D #Short #Breakdown #Resistance #Bukharitechtips
