Crypto Short Signal: Targeting 0.2217 After Breakdown of Support

The coin is undergoing a correctional downward trend. An attempt to break out of this correction was made; however, at the 0.3400 level, resistance was encountered due to a mirror level, which resulted in increased selling activity. The highs and lows are continuing to decline. The recent decline has been characterized by an acceleration in the price, leading to a break below the trend support line. Currently, the price is consolidating below this support. The expectation is for the decline to extend into the buying zone and to clear liquidity from the cascade of levels. It is advisable to set a stop-loss in accordance with your trading strategy and risk management rules. The target levels for further decline are 0.2472, 0.2365, 0.2281, and 0.2217.