$BARS IS REJECTING FROM A KEY RESISTANCE – SHORT SETUP ACTIVE 🔥
Entry: 0.6490 – 0.6510 🔥
Target: 0.6400 🚀
Stop Loss: 0.7109 ⚠️
Price just got slapped down at the 0.65 area with a clear bearish engulfing on the 1H. Volume spiked 40% on the rejection candle, and the RSI is rolling over from overbought. That level has acted as resistance twice in the past week.
First target sits at 0.6400, then 0.6200 and 0.6000 if momentum picks up. If you're already short, how are you managing the risk to the stop?
Not financial advice. Always manage your risk.
#BARS #ShortSetup #Resistance #Crypto #DayTrade
🔥
Entry: 0.6490 – 0.6510 🔥
Target: 0.6400 🚀
Stop Loss: 0.7109 ⚠️
Price just got slapped down at the 0.65 area with a clear bearish engulfing on the 1H. Volume spiked 40% on the rejection candle, and the RSI is rolling over from overbought. That level has acted as resistance twice in the past week.
First target sits at 0.6400, then 0.6200 and 0.6000 if momentum picks up. If you're already short, how are you managing the risk to the stop?
Not financial advice. Always manage your risk.
#BARS #ShortSetup #Resistance #Crypto #DayTrade
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