Technical analysis by vs_sayin about Symbol S: Sell recommendation (5/28/2025)

S is Preparing for a Key Liquidity Grab and Potential ReversalPreviously, S swept the liquidity from the upside and formed a zig-zag corrective structure within a descending channel. Following a clean breakdown, it has struggled to recover — despite broader bullish conditions in the market.Now, the structure is showing strong signs of a potential long-side liquidity grab in the coming days or weeks. This setup often marks the final phase of accumulation before a major upside move.Additionally, the price action aligns perfectly with Fibonacci extension levels, particularly around the $0.38 zone, which could act as a key support and entry area for long positions.A decisive reaction from this zone could trigger the beginning of a strong reversal, leading to the next impulsive leg.— Thanks for reading.Price can stall around this zone for a while so take the profit.