$BTW short: the 4h stack is still pressing lower, with a 2.00R setup into deep targets
The swing trend is down. Price sits below both the 50 and the 200 EMA on the 4h, and the 1h chart tells the same story: last print 1.0021000, down 11.33% over 24h, with MA7 at 1.0676000, MA25 at 1.1148400 and MA99 at 1.1151707 all stacked above price. RSI 14 reads 38.2, so momentum is soft but not yet washed out.
The trade: short the 1.0797828 to 1.1020172 entry zone, entry marked 1.0909000 on the chart. TP1 0.8917383 (-18.26%), TP2 0.7589638 (-30.43%), TP3 0.5598020 (-48.68%), with the stop at 1.3564490 (+24.34%). The plan is to bank 50% at TP1, 25% at TP2 and 25% at TP3, then move the stop to entry once TP1 is hit.
One warning before chasing it: buyers are pushing right now, up 10.76% on the 15m candle, so a short here is fighting a live bounce inside a downtrend. Size it like a counter-bounce trade, not a free fall.
Do you see room for more downside from here, or does the bounce have legs first?
Personal market analysis only. NFA - manage risk and DYOR. Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset.
The swing trend is down. Price sits below both the 50 and the 200 EMA on the 4h, and the 1h chart tells the same story: last print 1.0021000, down 11.33% over 24h, with MA7 at 1.0676000, MA25 at 1.1148400 and MA99 at 1.1151707 all stacked above price. RSI 14 reads 38.2, so momentum is soft but not yet washed out.
The trade: short the 1.0797828 to 1.1020172 entry zone, entry marked 1.0909000 on the chart. TP1 0.8917383 (-18.26%), TP2 0.7589638 (-30.43%), TP3 0.5598020 (-48.68%), with the stop at 1.3564490 (+24.34%). The plan is to bank 50% at TP1, 25% at TP2 and 25% at TP3, then move the stop to entry once TP1 is hit.
One warning before chasing it: buyers are pushing right now, up 10.76% on the 15m candle, so a short here is fighting a live bounce inside a downtrend. Size it like a counter-bounce trade, not a free fall.
Do you see room for more downside from here, or does the bounce have legs first?
Personal market analysis only. NFA - manage risk and DYOR. Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset.
