The structure on $IDOL has changed enough to put this setup on my watchlist.
What stands out here is that the last 15m is -1.26%. That gives the move real context instead of treating every candle as a signal.
The area around $0.00876 is the level I would watch next. Losing it cleanly would strengthen the bearish case; holding it would warn against pressing shorts too late.
How would you manage this $IDOL setup from here?
#IDOL #Trading
Trade plan: SHORT
Entry: $0.01097
SL: $0.01699
TP1: $0.00496
TP2: $-0.00106
TP3: $-0.00707
What stands out here is that the last 15m is -1.26%. That gives the move real context instead of treating every candle as a signal.
The area around $0.00876 is the level I would watch next. Losing it cleanly would strengthen the bearish case; holding it would warn against pressing shorts too late.
How would you manage this $IDOL setup from here?
#IDOL #Trading
Trade plan: SHORT
Entry: $0.01097
SL: $0.01699
TP1: $0.00496
TP2: $-0.00106
TP3: $-0.00707
