$MUBARAK · 15m
- My bias is bearish on the 15m timeframe, aligned with the current structure showing lower highs and lower lows, while daily and weekly trends remain bullish, so this is a counter-trend move requiring caution and confirmation.
- Price is trading below the last lower high at 0.04715, which acts as structural resistance and the critical invalidation level to flip bullish if closed above.
- The entry zone for a short is around the current price 0.04559 down to the support cluster near 0.04475, which is a strong demand zone and potential target.
- Wait for bearish confirmations such as a rejection candle or a break below the 0.04554 demand level with follow-through volume before entering short.
- Take profits first near the 0.04475 support level, then potentially lower toward 0.04406 if bearish momentum sustains.
- Protect shorts with stops above 0.04715, as a close above this level flips the structure bullish and invalidates the bearish bias.
📊 Flow: OI $13.3M (+1.0% 24h) · funding +0.0050% · taker 1.48×
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