$CNPY has a possible short setup, but I would NOT short at the current $0.2679 blindly.
đ» Short setup
Current: ~$0.2679
Resistance: $0.2708â$0.2730
Short entry: rejection around $0.2700â$0.2710
Safer confirmation: 15m candle closes back below $0.2661
SL: ~$0.2738â$0.2745
TP1: $0.2661
TP2: $0.2639
TP3: $0.2586
The important point: MA7 > MA25 > MA99, so momentum is currently bullish. A short here is therefore a rejection trade, not a trend-following short.
Best play: let it push toward 0.2708, watch for rejection + volume, then short. If it cleanly breaks and holds above 0.2714â0.2730, I'd avoid the short.
#StrategyBuys250Bitcoin
#SKHynixSharesDrop7.1%
đ» Short setup
Current: ~$0.2679
Resistance: $0.2708â$0.2730
Short entry: rejection around $0.2700â$0.2710
Safer confirmation: 15m candle closes back below $0.2661
SL: ~$0.2738â$0.2745
TP1: $0.2661
TP2: $0.2639
TP3: $0.2586
The important point: MA7 > MA25 > MA99, so momentum is currently bullish. A short here is therefore a rejection trade, not a trend-following short.
Best play: let it push toward 0.2708, watch for rejection + volume, then short. If it cleanly breaks and holds above 0.2714â0.2730, I'd avoid the short.
#StrategyBuys250Bitcoin
#SKHynixSharesDrop7.1%