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📉 Bearish Alert: $TRUTH Showing Extreme Relative Weakness – Strategic Short Setup

The market is currently witnessing a significant divergence in price action for $TRUTH. While the broader market, led by Bitcoin’s recent surge, has shown bullish strength, $TRUTH is exhibiting classic signs of exhaustion and extreme relative weakness.

Technical Analysis & Insights:
• Persistent Downward Channel: On the daily timeframe, $TRUTH has officially entered a well-defined downward channel. The price is consistently printing lower highs and lower lows, indicating that sellers are firmly in control.

• Negative Correlation with BTC: This is the most concerning factor for bulls. Yesterday, while Bitcoin rallied strongly, TRUTH collapsed by 18%. Today, it has already shed another 8%, confirming that capital is rotating out of this asset even during market-wide upturns.

• Downside Potential: The current momentum suggests the asset has not yet found a local bottom. With the break of recent support levels, there is significant room for a further 15-20% decline in the coming days.

Trading Strategy (Short):
• Entry: Current Market Price (Immediate Short)
• Primary Target: 15% - 20% below current levels (retesting lower channel boundary).
• Stop Loss: Positioned just above the recent daily swing high to manage risk.

Summary: The trend is your friend, and for TRUTH, that trend is aggressively down. This is a high-conviction short opportunity based on technical structure and relative strength exhaustion.

Stay disciplined and manage your leverage.

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