$C98 โ ๏ธ C98 Under Pressure? Sellers Dominate at the Top ๐ป
C98 is showing clear seller dominance at the top of its range, signaling that the recent highs are being defended aggressively by supply. After a strong rally, price is encountering resistance with repeated rejection wicks and weak follow-through, indicating distribution rather than continuation. ๐โก
๐ฅ Sellers are controlling the top.
Every attempt to push higher is being absorbed, showing that buying pressure is fading. This is a classic signal that momentum may be shifting from bullish to bearish.
๐ Confirmation signals to watch:
Reversal candles forming at resistance
Breakdown below nearby support levels
Increasing sell volume confirming downside pressure
As long as C98 fails to reclaim highs and resistance remains firm, the probability favors a pullback or deeper correction. โก๐งฑ
๐ Trader strategy & risk management:
Defensive traders reduce long exposure near the top
Short-term traders may enter positions on rejection
Stop-losses are often placed just above the resistance level
Downside targets are typically projected using prior support zones or the height of the previous impulse, giving a structured risk-to-reward framework for traders looking to align with sellers. ๐ฏ๐
๐ช๏ธ Market context adds weight.
When sellers dominate at the top, weak sentiment or capital rotation can accelerate downside moves. Tops are often followed by sharper corrections if distribution continues unchecked. ๐ป๐ฅ
โ ๏ธ Bottom line:
C98โs top-side structure favors sellers while resistance holds. This doesnโt guarantee an instant drop, but probabilities tilt toward downside unless bulls regain control decisively. Watch for confirmation and manage risk carefully.
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Sellers control the top โ C98 may be gearing up for a pullback. โ ๏ธ๐๐ฅ
