The price is testing a strong resistance zone where previous selling pressure has emerged. A bearish rejection candle or a 15-minute candle closing below the sell zone would confirm the setup. Although the MACD still shows positive momentum, weakening buying pressure suggests that a short-term pullback is possible.
Risk Management
Always wait for confirmation before entering the trade. Never risk more than you can afford to lose, and keep your stop loss fixed above the resistance level to protect your capital.
Conclusion
This setup provides a favorable risk-to-reward opportunity if the market confirms the bearish scenario. Patience and proper confirmation are the keys to avoiding false breakouts. Follow your trading plan, manage risk carefully, and let the market come to your entry instead of chasing
