$COLLECT showing a weak bounce with clear signs of exhaustion near resistance — buyers tried to push higher but couldn’t sustain momentum. That rejection is important… it tells us sellers are still active and defending this zone.

This kind of price action usually leads to a pullback, especially when the move up lacks strong volume and follow-through. Lower highs forming on smaller timeframes also hint that bullish pressure is fading.
Trade Setup: Short $COLLECT
Entry: 0.0500 – 0.0520
SL: 0.0565
Targets:
🎯 TP1: 0.0470
🎯 TP2: 0.0435
🎯 TP3: 0.0390
As long as price stays below resistance, downside remains the higher probability play. A clean rejection here could trigger a cascade of sell orders and push price back into previous demand zones.
#BitcoinWeakens