$ON - SHORT
Entry: 0.2457 – 0.2474
SL: 0.2661
TP1: 0.2319
TP2: 0.2222
TP3: 0.2075
Why this setup?
- The 4h trend is SHORT with a confidence score of 85%, but the daily bias remains bullish — it’s this tension that creates this move.
- The RSI on the 15m is at 35.82, meaning momentum is already weak and sellers control the reference 0.2466.
- Price pushes against the lower bound of the 4h range with zero confirmations so far — the setup is primed, not triggered.
- This is a short that follows the trend, so I’m not fighting the daily — I ride the 4h wave toward TP1 at 0.2319 and TP2 at 0.2222.
- The stop is tight at 0.2661, so the risk is defined, but the reward is 4.8 — that asymmetry is what matters.
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$ON