I’m looking at a clear short-term drop here, with price now around 0.11957 and trading below the visible MA60 at 0.12056. The recent move from around 0.12092 down toward 0.11920 shows sellers are still controlling the immediate structure.
For me, the key area is 0.11963–0.12006. I’d rather see price bounce into this zone and get rejected before considering a short, instead of chasing the move at the current low.
📍 Entry: 0.11963–0.12006 on rejection
🎯 TP1: 0.11920
🎯 TP2: Not clearly available on the chart
🛑 Invalidation: 0.12006
If price loses 0.11920, that would confirm further weakness visually, but the screenshot doesn’t provide a clear lower target, so I wouldn’t invent one.
If price reclaims 0.12006 and holds above it, I’d step away from this short setup because the immediate bearish move would be weakening.
I’m staying patient here—the cleaner idea for me is a confirmed rejection rather than forcing an entry after the sharp drop.
For me, the key area is 0.11963–0.12006. I’d rather see price bounce into this zone and get rejected before considering a short, instead of chasing the move at the current low.
📍 Entry: 0.11963–0.12006 on rejection
🎯 TP1: 0.11920
🎯 TP2: Not clearly available on the chart
🛑 Invalidation: 0.12006
If price loses 0.11920, that would confirm further weakness visually, but the screenshot doesn’t provide a clear lower target, so I wouldn’t invent one.
If price reclaims 0.12006 and holds above it, I’d step away from this short setup because the immediate bearish move would be weakening.
I’m staying patient here—the cleaner idea for me is a confirmed rejection rather than forcing an entry after the sharp drop.
