Bearish pressure has dominated the session following a sharp rejection from higher levels, leaving the structure vulnerable to a breakdown. However, recent tight consolidation near current prices suggests a minor retracement could offer a tactical continuation short setup.
$COLLECT – SHORT
Entry: 0.06370–0.06385
SL: 0.06440
TP1: 0.06300
TP2: 0.06245
TP3: 0.06110
Price action shows clear lower highs following the impulsive breakdown earlier in the session, with volume drying up significantly during minor counter-trend bounces. This lack of buying interest near local resistance indicates that sellers remain in full control of the broader order flow.
$COLLECT – SHORT
Entry: 0.06370–0.06385
SL: 0.06440
TP1: 0.06300
TP2: 0.06245
TP3: 0.06110
Price action shows clear lower highs following the impulsive breakdown earlier in the session, with volume drying up significantly during minor counter-trend bounces. This lack of buying interest near local resistance indicates that sellers remain in full control of the broader order flow.
