$C98
PERP BEARISH EXHAUSTION AND PULLBACK SETUP
$C98 shows signs of bearish exhaustion after a sharp impulsive rally, indicating a potential corrective move ahead. The price has expanded aggressively into a high-resistance supply zone, where selling pressure is starting to emerge, suggesting profit booking and distribution at elevated levels.
The moving averages are tightly clustered, reflecting instability after the rapid upside move. Failure to hold above the recent breakout zone increases the likelihood of a deeper retracement toward stronger demand areas. Market structure hints at a short-term top formation, favoring a bearish pullback before any healthy continuation.
As long as price remains capped below the upper resistance band, downside pressure is expected to dominate the next move.
TARGETS (TP):
TP1: 0.0218
TP2: 0.0183
TP3: 0.0155
TP4: 0.0146
STOP LOSS (SL):
Above 0.0254
RISK MANAGEMENT:
Limit risk per trade, avoid overexposure, and secure partial profits at each target to preserve capital.
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