๐ฅ Sell trade at resistance โ the sell wall is strong!
๐ Entry zone (Short): 0.0338 โ 0.0346
๐ฏ Target: 0.0325 ๐
๐ Stop loss: 0.0373 โ ๏ธ
The price is facing strong sell pressure in this area, with a clear pullback in the buyersโ strength after the last rise.
๐ Momentum is starting to weaken on the short timeframes, and a rejection signal looks clear from the resistance level. Entering near resistance makes the scenario suitable for a sell trade with a defined stop loss.
๐ฏ The first target represents a quick drop of about 4% โ do you expect the decline to continue, or is it just a fake-out move?
Not financial advice. Always make sure to manage risk.
#PLAY #ShortSetup #Bearish #SellWall
๐ Entry zone (Short): 0.0338 โ 0.0346
๐ฏ Target: 0.0325 ๐
๐ Stop loss: 0.0373 โ ๏ธ
The price is facing strong sell pressure in this area, with a clear pullback in the buyersโ strength after the last rise.
๐ Momentum is starting to weaken on the short timeframes, and a rejection signal looks clear from the resistance level. Entering near resistance makes the scenario suitable for a sell trade with a defined stop loss.
๐ฏ The first target represents a quick drop of about 4% โ do you expect the decline to continue, or is it just a fake-out move?
Not financial advice. Always make sure to manage risk.
#PLAY #ShortSetup #Bearish #SellWall
