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$SIGN Hits the supply wall immediately after the rebound.
Trading plan: Short $SIGN
Entry: 0.0515 – 0.053
Stop loss: 0.0558
Target 1: 0.0475
Target 2: 0.0445
Target 3: 0.0412
The upward momentum feels more like a late-stage rebound rather than a new expansion. Buyers managed to push it higher for a while, but as the trend approaches resistance, the momentum begins to weaken. Each time it is pushed higher, the market starts to feel heavy, which often indicates that supply has absorbed the buy orders before the market pulls back.