🔴 $BROCCOLI714/USDT — SHORT SETUP
The move in $BROCCOLI714 has become extremely aggressive on the 15M chart. Price climbed from around $0.01663 to a fresh $0.01878 high, while the latest candle is already showing a pullback from that peak.
That makes the $0.01878 area the key zone for sellers. After such a sharp expansion, I would rather watch for rejection than chase the move higher.
SHORT PLAN
Entry Zone: $0.01845 – $0.01875
Stop Loss: $0.01890
TP1: $0.01794
TP2: $0.01747
TP3: $0.01700
Why this setup is interesting
The chart has moved almost vertically through $0.01747 and $0.01794, leaving very little consolidation during the final push. The current price of $0.01848 is still only slightly below the 24H high of $0.01878.
If buyers fail to reclaim the high and another 15M candle confirms rejection, a pullback toward the previous breakout areas becomes possible.
The first level I would watch on the way down is $0.01794. If that support gives way, $0.01747 becomes the next important area, followed by the psychological $0.01700 zone.
There is one major warning for the short: momentum is still strongly bullish. A clean breakout and sustained hold above $0.01878 would weaken the bearish idea considerably. That is why entering without confirmation can be dangerous after such a powerful rally.
The chart is stretched, but sellers still need to prove they can control the $0.01878 rejection zone before the downside setup becomes convincing. — $BROCCOLI714
#YenPasses160PerDollarToOneMonthLow #SchwabPlansToAddSOLAVAXLINKTrading #FedSeptRateHikeOddsRiseTo57% #SOLJumps20%OnTheWeek
The move in $BROCCOLI714 has become extremely aggressive on the 15M chart. Price climbed from around $0.01663 to a fresh $0.01878 high, while the latest candle is already showing a pullback from that peak.
That makes the $0.01878 area the key zone for sellers. After such a sharp expansion, I would rather watch for rejection than chase the move higher.
SHORT PLAN
Entry Zone: $0.01845 – $0.01875
Stop Loss: $0.01890
TP1: $0.01794
TP2: $0.01747
TP3: $0.01700
Why this setup is interesting
The chart has moved almost vertically through $0.01747 and $0.01794, leaving very little consolidation during the final push. The current price of $0.01848 is still only slightly below the 24H high of $0.01878.
If buyers fail to reclaim the high and another 15M candle confirms rejection, a pullback toward the previous breakout areas becomes possible.
The first level I would watch on the way down is $0.01794. If that support gives way, $0.01747 becomes the next important area, followed by the psychological $0.01700 zone.
There is one major warning for the short: momentum is still strongly bullish. A clean breakout and sustained hold above $0.01878 would weaken the bearish idea considerably. That is why entering without confirmation can be dangerous after such a powerful rally.
The chart is stretched, but sellers still need to prove they can control the $0.01878 rejection zone before the downside setup becomes convincing. — $BROCCOLI714
#YenPasses160PerDollarToOneMonthLow #SchwabPlansToAddSOLAVAXLINKTrading #FedSeptRateHikeOddsRiseTo57% #SOLJumps20%OnTheWeek
