When the undercurrents surge, I actually stay calmer.$META On the 4-hour chart it looks like it might move upward, but if you look closely, every time the price hits that supply zone it weakens. After being rejected twice, it comes back for a third time—this doesn’t look like building up momentum; it looks like digging a pit. My take is that shorting here is more comfortable than chasing longs. On the 15-minute timeframe there isn’t momentum to support a move, and the daily chart is in a ranging pattern, so the price is most likely to return to below the mean.
Set the stop-loss close, risk is controllable, and the downside potential is bigger than the upside.--- I don’t guess direction; I just look at the structure and read the signals it gives. Now the structure tells me that when the rebound reaches the resistance level, that’s when I should place the trade.
🔴 Trade direction: Short
📍 Entry range: 578.25797 – 578.38173
🛑 Stop-loss: 581.87242
🎯 Take-profit 1: 575.65542
🎯 Take-profit 2: 573.87913
🎯 Take-profit 3: 571.21470
In still waters, deep vision lies far and hidden; amid market ups and downs, calm prevails.
Trade alongside Fei Jie, and read the pulse of the wealth tide.
#META
Click below to trade 👇
Set the stop-loss close, risk is controllable, and the downside potential is bigger than the upside.--- I don’t guess direction; I just look at the structure and read the signals it gives. Now the structure tells me that when the rebound reaches the resistance level, that’s when I should place the trade.
🔴 Trade direction: Short
📍 Entry range: 578.25797 – 578.38173
🛑 Stop-loss: 581.87242
🎯 Take-profit 1: 575.65542
🎯 Take-profit 2: 573.87913
🎯 Take-profit 3: 571.21470
In still waters, deep vision lies far and hidden; amid market ups and downs, calm prevails.
Trade alongside Fei Jie, and read the pulse of the wealth tide.
#META
Click below to trade 👇