A critical imbalance is forming in the $BLESS chart.
$BLESS - SHORT🔴
Entry: 0.0217
SL: 0.0305
TP1: 0.01731
TP2: 0.01291
TP3: 0.008509
⚠️ Move SL to Breakeven once TP1 is hit !!!
The $BLESS price action is caught between the EMA20 and EMA50 on the 1H chart, suggesting a potential shift in momentum.
Considering the 1D chart, it is currently trading above its EMA50, indicating a bullish tone - yet our SHORT trade puts us at odds with this trend, emphasizing the need for prudent risk management.
What happens if this setup defies its current bullish 1D bias and plunges?
Click here to Trade 👇
$BLESS - SHORT🔴
Entry: 0.0217
SL: 0.0305
TP1: 0.01731
TP2: 0.01291
TP3: 0.008509
⚠️ Move SL to Breakeven once TP1 is hit !!!
The $BLESS price action is caught between the EMA20 and EMA50 on the 1H chart, suggesting a potential shift in momentum.
Considering the 1D chart, it is currently trading above its EMA50, indicating a bullish tone - yet our SHORT trade puts us at odds with this trend, emphasizing the need for prudent risk management.
What happens if this setup defies its current bullish 1D bias and plunges?
Click here to Trade 👇