CHILLGUY/USDT — Bearish Reaction from Supply Zone Ahead?The price is currently reacting from a well-defined supply zone around 0.1150–0.1203 after forming multiple rejections near the highs. This area aligns with prior resistance, which could now serve as a pivot point for a short opportunity.
Key Technical Highlights:
Price made a strong move up but failed to break and hold above 0.1203.
A minor range has formed, signaling distribution characteristics.
The recent wick into supply followed by a bearish rejection indicates possible exhaustion.
Trade Setup:
Entry Zone: 0.115 (within supply)
Stoploss: Above 0.1205
Targets:
• TP1: 0.107
• TP2: 0.0995
• TP3: 0.0880
Watch for bearish confirmation before entering, as price is still testing the upper boundary of the range.
