$STAR /USDT - SHORT
Trade Plan:
Entry: 0.08225 – 0.08708
SL: 0.10798
TP1: 0.08149
TP2: 0.07062
TP3: 0.06660
Why this setup?
• The 4h chart displays a strong bearish continuation breakdown (-13.63%), dropping sharply below both MA7 (0.09380) and MA25 (0.08708) with strong selling momentum.
• Setting a protective Stop Loss (SL) right at the 24h High peak (0.10798) establishes a clear risk invalidation boundary safely above the recent rejection spike.
• Entering a short position in the 0.08225 to 0.08708 range offers a solid Risk:Reward structure, targeting an immediate retest of the 24h Low (0.08149), the major swing low at 0.07062, and key support expansion near 0.06660.
Debate:#USJapanJointYenInterventionFirstSince2011 #USIranTalksToBegin #OilCrashes9% #OilCrashes9% #CoinbaseBTCPremiumNegative77Days $STAR
Trade Plan:
Entry: 0.08225 – 0.08708
SL: 0.10798
TP1: 0.08149
TP2: 0.07062
TP3: 0.06660
Why this setup?
• The 4h chart displays a strong bearish continuation breakdown (-13.63%), dropping sharply below both MA7 (0.09380) and MA25 (0.08708) with strong selling momentum.
• Setting a protective Stop Loss (SL) right at the 24h High peak (0.10798) establishes a clear risk invalidation boundary safely above the recent rejection spike.
• Entering a short position in the 0.08225 to 0.08708 range offers a solid Risk:Reward structure, targeting an immediate retest of the 24h Low (0.08149), the major swing low at 0.07062, and key support expansion near 0.06660.
Debate:#USJapanJointYenInterventionFirstSince2011 #USIranTalksToBegin #OilCrashes9% #OilCrashes9% #CoinbaseBTCPremiumNegative77Days $STAR