$42 — Dead-Cat Bounce Risk | Bearish Continuation

Trade Direction: SHORT

Entry Zone: 0.0220 – 0.0240

Stop Loss: 0.0280

Targets:

• TP1: 0.0202

• TP2: 0.0185

• TP3: 0.0160

Market Read:

$42 saw a sharp selloff on extreme volume, pointing to distribution, not a healthy pullback. The current bounce lacks strength and remains well below the prior value area.

Price continues to face heavy overhead supply between 0.024 – 0.028, where sellers are aggressively defending. No acceptance above this zone so far, keeping the move up corrective rather than a reversal.

Bias remains bearish unless price reclaims and holds above supply.#42 #bulish #biancesqure