$PONS short: 0.318 is the ceiling sellers have to hold on the 4H ๐
Price sits at 0.317 with the 4H EMA50 up at 0.344, so sellers still own the structure. I'm watching for a roll over from here, not a chase.
Why this level:
- 4H price 0.317 below EMA50 0.344, trend structure still favors sellers
- Risk 4.0% to SL vs 6.4% to TP3, about 1.6R if the full move plays out
- 61% of accounts long, the crowd leans long
๐ด SHORT ยท Entry 0.3162โ0.3179 ยท TP 0.3094 / 0.3043 / 0.2967 ยท SL 0.3298
Rejection at 0.318, or a squeeze through it?
NFA ยท DYOR
Price sits at 0.317 with the 4H EMA50 up at 0.344, so sellers still own the structure. I'm watching for a roll over from here, not a chase.
Why this level:
- 4H price 0.317 below EMA50 0.344, trend structure still favors sellers
- Risk 4.0% to SL vs 6.4% to TP3, about 1.6R if the full move plays out
- 61% of accounts long, the crowd leans long
๐ด SHORT ยท Entry 0.3162โ0.3179 ยท TP 0.3094 / 0.3043 / 0.2967 ยท SL 0.3298
Rejection at 0.318, or a squeeze through it?
NFA ยท DYOR