$KAITO is failing to hold above its key moving averages.
Trade Plan: SHORT
📍Entry: 0.854582 – 0.861818
✦ TP1: 0.834784 | 0.820312 | 0.796896
✦ SL: 0.887144
⭐ The Logic behind this setup:
• Price is trading below both the EMA34 and EMA89, with the EMA34 crossing under EMA89 — a bearish structure forming on the 4h.
• Sellers are pressing at the 0.858 area, and the 15m RSI at 46.66 shows momentum is tilting down, not oversold yet.
• My plan: look for entries between 0.8546 and 0.8618, stop at 0.8871, first target at 0.8348. If price reclaims above 0.862, the setup weakens.
- Debate:
Would you short this retest of bearish EMA structure or wait for a lower high?
If this level breaks, I'll flip my bias quickly. If it holds, I'll add to the position.
Every setup tells a different story. What's your take?
Another setup, another adventure. Join me 👇️
$MAGMA
Trade Plan: SHORT
📍Entry: 0.854582 – 0.861818
✦ TP1: 0.834784 | 0.820312 | 0.796896
✦ SL: 0.887144
⭐ The Logic behind this setup:
• Price is trading below both the EMA34 and EMA89, with the EMA34 crossing under EMA89 — a bearish structure forming on the 4h.
• Sellers are pressing at the 0.858 area, and the 15m RSI at 46.66 shows momentum is tilting down, not oversold yet.
• My plan: look for entries between 0.8546 and 0.8618, stop at 0.8871, first target at 0.8348. If price reclaims above 0.862, the setup weakens.
- Debate:
Would you short this retest of bearish EMA structure or wait for a lower high?
If this level breaks, I'll flip my bias quickly. If it holds, I'll add to the position.
Every setup tells a different story. What's your take?
Another setup, another adventure. Join me 👇️
$MAGMA