The Dead Cat Bounce at resistance $NAORIS after the expansion failure
Sell $NAORIS
Entry point: 0,0260 - 0,0266
Stop loss: 0,0280
Take profit 1: 0,0238
Take profit 2: 0,0215
Take profit 3: 0,0180
The rise stopped quickly and selling pressure appeared at the first test, indicating that this movement is corrective and not a trend reversal. Momentum is declining again and buyers are not finding acceptance above this area, keeping the downward trend intact.