📉 $AZTEC PEAKED? THE REJECTION IS REAL! 📉 (Short)
ENTRY: 0.03730 – 0.03860 🎯
SL: 0.04150 🛡️
TP 1: 0.03200 💰
TP 2: 0.02850 🔥
TP 3: 0.02500 🚀
🕵️ Why are we shorting AZTEC?
Massive 24H Pump: AZTEC has surged over 32% today, hitting a high of 0.03863. Parabolic moves of this magnitude on low-cap assets almost always lead to a swift "mean reversion" as the initial hype fades. 📈
Double Top Rejection: Looking at the 1H chart, the price just attempted to break past the 0.03860 resistance level and was met with an immediate, sharp rejection. This creates a "Double Top" pattern, signaling that buyers are exhausted. 🛑
MACD Losing Momentum: Even though the price is still near its highs, the MACD histogram is starting to print smaller green bars. This "bearish divergence" suggests that the upward pressure is drying up and a trend reversal is imminent. 📉
Volume Climax: We saw a huge spike in volume during the last push to 0.038, which often indicates a "blow-off top" where the last remaining buyers get trapped before the whales start dumping their bags. 🎒
