To be honest, I've been watching this position, $FLOCK , for a long time. At the 15-minute level it’s already scorching hot, yet the 4-hour structure is truly dominated by shorts. The price is scraping along the upper edge of the range—looks like it’s building up energy, but really it’s just giving opportunities to the short side.
The daily trend hasn’t turned around. I treat this rebound like a dead cat bounce—I won’t follow it. The risk-reward is laid out here: the path going down is smoother than the one going up. I’d rather wait near the resistance level for it to turn back than bet on some kind of reversal.
🔴 Trade Direction: Short
📍 Entry Range: 0.0288290 – 0.0289006
🛑 Stop Loss: 0.0297787
🎯 Take Profit 1: 0.0281794
🎯 Take Profit 2: 0.0277226
🎯 Take Profit 3: 0.0270371
#FLOCK
Click below to trade 👇
The daily trend hasn’t turned around. I treat this rebound like a dead cat bounce—I won’t follow it. The risk-reward is laid out here: the path going down is smoother than the one going up. I’d rather wait near the resistance level for it to turn back than bet on some kind of reversal.
🔴 Trade Direction: Short
📍 Entry Range: 0.0288290 – 0.0289006
🛑 Stop Loss: 0.0297787
🎯 Take Profit 1: 0.0281794
🎯 Take Profit 2: 0.0277226
🎯 Take Profit 3: 0.0270371
#FLOCK
Click below to trade 👇