Entry Limit Order: 0.730 0.735
Place a sell limit order in this zone. This is the rejection area where price has already failed twice. You're selling into resistance, not chasing.
Stop Loss: 0.750
Just above the 24h high / major resistance. If price closes above this, the short is invalid.
Take Profit 1: 0.688
First support / partial close. Take 40-50% of position here.
Take Profit 2: 0.630
Mid-range support. Take another 30-40% here.
Take Profit 3: 0.580
Near the second bounce base.
Trail stop or close remainder here.
Do NOT enter if price blasts through 0.735 with strong volume that means bulls are winning, abort the short idea
Wait for a rejection candle at 0.730-0.735 before your limit gets filled if it gaps past, cancel the order
Position size: Risk only 1-2% of your account on this trade
This setup is only valid if price comes back up to 0.730-0.735 - if it drops directly from here, this order won't fill and that's fine
