📊 Market Update – DeFi Token Analysis (Short-Term Outlook)
The price is currently trading around 3.48 after facing rejection near the 3.54–3.57 resistance zone.
The MA60 trend is still sloping downward, showing that the market remains under short-term bearish pressure, while volume spikes suggest active selling on rebounds.
🔎 Current Structure: • Lower highs forming → indicates continuation pressure
• Strong support seen near 3.45
• Buyers reacting only at dips (not strong enough yet for reversal)
📉 Bearish Bias Unless 3.55 Breaks
🚨 Key Levels to Watch (Next Move): • Support: 3.45 → If breaks, next 3.38
• Resistance: 3.55 → Break = momentum shift
• Major Resistance: 3.60 (trend reversal zone)
📈 Trade Signals (Short-Term Setup):
✅ Buy Zone: 3.42 – 3.45
🎯 Targets: 3.52 → 3.58
🛑 Stop Loss: 3.36
⚠️ Sell Setup (If Rejected Again): 3.53 – 3.55
🎯 Targets: 3.46 → 3.40
🛑 Stop Loss: 3.60
💡 Market is in scalp range trading — not a breakout phase yet.
Wait for confirmation before heavy entry
