$ONE The recent price pop up clearly was just a classic bull trap to lure longs. Short-term technical indicators have all plunged in unison, crushing every attempt at a recovery. The sell volume has exploded right at the resistance zone, showing that the sellers are completely and continuously dominating and pressing the price down. After the bounce, buyers quickly lost momentum; the bid support completely disappeared and there is no longer any ability to withstand the sell pressure. With the market structure fully surrendering on the buyers’ side like this, the path for a deep breakdown to revisit the lower support lows is wide open for those looking to Short.

Short on the bounce:
Entry: 0,002580 – 0,002640
SL: 0,002710
TP1: 0,002450
TP2: 0,002250

Short breakdown:
Entry: 0,002440 (15m candle close)
SL: 0,002530
TP1: 0,002350
TP2: 0,002220

Use a maximum of 1% to 2% risk on your total account for this trade. Recommended leverage is from X5 to X10 to allow for safe breathing room before these wick-pull moves
$ONE