C98 Momentum fading. Resistance holding. Distribution active.

Trading Plan (Short)

Entry: $0.0292 – $0.0310

SL: $0.0320

TP: $0.0267, $0.0238

Price stalling at the local range high as every upward push thins out and meets immediate absorption. Upper wicks are stacking against the resistance zone, confirming aggressive supply is capping any breakout attempt. Scaled into this short with heavy exposure as the volume on green candles continues to dry up. Momentum feels heavy; the failure to sustain price above the recent peak signals a deep sweep of lower liquidity is coming. One clean breakout with volume above the supply zone kills the trade instantly. Exit trigger if bids start absorbing the overhead pressure at the range edge. Pressure building.

$C98 short

C98
C98USDT
0.0242
-8.67%