$US 🚨 Guys, I’m watching a BIG SHORT setup on $US here after this vertical move.
Entry: 0.0323–0.03330
TP1: 0.0293
TP2: 0.0288
Final Target: 0.0252
SL: 0.0375
$US is already up around 128% and price is now sitting near the 0.0328–0.0338 resistance zone after an almost vertical rally.
The reason I’m interested in the short is simple: after a move this aggressive, chasing longs at the top becomes dangerous. Momentum is still strong, but the risk of profit-taking and a sharp correction is increasing.
If 0.0338 keeps rejecting price, I expect the first pullback toward 0.0293. Losing that level can open a much deeper correction toward 0.0248–0.0202.
But if US breaks and holds above 0.0345, the short idea is invalid.
Late buyers are chasing the green candles. I’m watching the rejection first.
Entry: 0.0323–0.03330
TP1: 0.0293
TP2: 0.0288
Final Target: 0.0252
SL: 0.0375
$US is already up around 128% and price is now sitting near the 0.0328–0.0338 resistance zone after an almost vertical rally.
The reason I’m interested in the short is simple: after a move this aggressive, chasing longs at the top becomes dangerous. Momentum is still strong, but the risk of profit-taking and a sharp correction is increasing.
If 0.0338 keeps rejecting price, I expect the first pullback toward 0.0293. Losing that level can open a much deeper correction toward 0.0248–0.0202.
But if US breaks and holds above 0.0345, the short idea is invalid.
Late buyers are chasing the green candles. I’m watching the rejection first.