I’m watching $ZBT for a short because price is trading below the MA/EMA cluster, while the 15m structure continues to make lower highs. The 0.1043–0.1048 area is acting as nearby resistance, and the 0.10783 swing high gives a clear invalidation level.
Trade Plan:
Entry Zone: 0.10380 – 0.10470
TP1: 0.10100
TP2: 0.09850
TP3: 0.09550
Stop Loss: 0.10790
Why this setup works:
Price is below MA(7), MA(25), and MA(99), showing bearish short-term momentum. A rejection from the 0.1043–0.1048 resistance zone could send price back toward the recent 0.10063 low. If that support breaks, further downside becomes more likely.
I’m not chasing the move here; I’d rather wait for a rejection around the entry zone and let the structure confirm the short.
Invalidation: A strong break and hold above 0.10790 would weaken this setup.
#BIP110ForkSignalingExpectedThisWeekend #VIXFallsToJanuaryLow #IraqOilExportsFall75% #ThuneFilesClarityActClotureMotion #TurkeyRestrictsBlackSeaShipTraffic
Trade Plan:
Entry Zone: 0.10380 – 0.10470
TP1: 0.10100
TP2: 0.09850
TP3: 0.09550
Stop Loss: 0.10790
Why this setup works:
Price is below MA(7), MA(25), and MA(99), showing bearish short-term momentum. A rejection from the 0.1043–0.1048 resistance zone could send price back toward the recent 0.10063 low. If that support breaks, further downside becomes more likely.
I’m not chasing the move here; I’d rather wait for a rejection around the entry zone and let the structure confirm the short.
Invalidation: A strong break and hold above 0.10790 would weaken this setup.
#BIP110ForkSignalingExpectedThisWeekend #VIXFallsToJanuaryLow #IraqOilExportsFall75% #ThuneFilesClarityActClotureMotion #TurkeyRestrictsBlackSeaShipTraffic