The 4H candle just ripped straight through the 0.02100 resistance, and now it's resting right on the breakout neckline.
$US /USDT — SHORT
Trade Plan
Entry: 0.02093 - 0.02108
SL: 0.02160 (Above the sweep high)
TP1: 0.01950
TP2: 0.01775
Why this setup?
We have a massive 18% pump on declining momentum relative to the move's start. The RSI is overbought on the 1H, and price is rejecting the upper Bollinger Band. The volume isn't enough to sustain this breakout, making a retest of 0.01950 highly probable.
I am fading this exhaustion until we hold 0.02108 with real volume. Patience for the confirmation flush. $US
$US /USDT — SHORT
Trade Plan
Entry: 0.02093 - 0.02108
SL: 0.02160 (Above the sweep high)
TP1: 0.01950
TP2: 0.01775
Why this setup?
We have a massive 18% pump on declining momentum relative to the move's start. The RSI is overbought on the 1H, and price is rejecting the upper Bollinger Band. The volume isn't enough to sustain this breakout, making a retest of 0.01950 highly probable.
I am fading this exhaustion until we hold 0.02108 with real volume. Patience for the confirmation flush. $US