$US🚨 Guys, I'm watching a VERY STRONG SHORT setup on $US here after this vertical move.
Entry: 0.0323–0.03330
TP1: 0.0293
TP2: 0.0288
Final target: 0.0252
SL: 0.0375
$US is already up around 128%, and the price is now near the 0.0328–0.0338 resistance zone after an almost vertical rally.
The reason I'm interested in shorting is simple: after such an aggressive move, chasing longs at the top becomes dangerous. Momentum is still strong, but the risk of profit-taking and a sharp correction is increasing.
If 0.0338 continues to reject the price, I expect the first pullback toward 0.0293. Losing that level could open the door to a much deeper correction toward 0.0248–0.0202.
But if US breaks above 0.0345 and holds there, the short idea is invalidated.
Late buyers are chasing the green candles. First, I'm watching for rejection
Entry: 0.0323–0.03330
TP1: 0.0293
TP2: 0.0288
Final target: 0.0252
SL: 0.0375
$US is already up around 128%, and the price is now near the 0.0328–0.0338 resistance zone after an almost vertical rally.
The reason I'm interested in shorting is simple: after such an aggressive move, chasing longs at the top becomes dangerous. Momentum is still strong, but the risk of profit-taking and a sharp correction is increasing.
If 0.0338 continues to reject the price, I expect the first pullback toward 0.0293. Losing that level could open the door to a much deeper correction toward 0.0248–0.0202.
But if US breaks above 0.0345 and holds there, the short idea is invalidated.
Late buyers are chasing the green candles. First, I'm watching for rejection