$TRADOOR Short
Entry Zone: 2.090 - 2.180
Stop Loss: 2.280
Take Profit Targets:
∙ TP1: 1.950
∙ TP2: 1.820
∙ TP3: 1.680
• Bearish - Strong rejection at peak signals potential reversal:
TRADOOR got heavily rejected at 2.258 after the explosive pump, now forming a lower high around 2.1 which indicates weakening bullish momentum. Recent price action shows increasing selling pressure with deeper pullbacks, while declining volume suggests buyers are losing conviction.
The sell order ratio at 56.64% is clearly dominating, combined with MA(7) crossing below MA(25) on the 1h timeframe. Although longer-term MAs remain in uptrend, the buying momentum has clearly faded after failing multiple times at the 2.2 resistance zone. If it fails to hold support at 2.09, we’ll likely see a correction down to test the 1.95-1.82 levels in upcoming sessions to find fresh demand.
Entry Zone: 2.090 - 2.180
Stop Loss: 2.280
Take Profit Targets:
∙ TP1: 1.950
∙ TP2: 1.820
∙ TP3: 1.680
• Bearish - Strong rejection at peak signals potential reversal:
TRADOOR got heavily rejected at 2.258 after the explosive pump, now forming a lower high around 2.1 which indicates weakening bullish momentum. Recent price action shows increasing selling pressure with deeper pullbacks, while declining volume suggests buyers are losing conviction.
The sell order ratio at 56.64% is clearly dominating, combined with MA(7) crossing below MA(25) on the 1h timeframe. Although longer-term MAs remain in uptrend, the buying momentum has clearly faded after failing multiple times at the 2.2 resistance zone. If it fails to hold support at 2.09, we’ll likely see a correction down to test the 1.95-1.82 levels in upcoming sessions to find fresh demand.
