$HEMI the bounce looks weak, and Iโm watching for another move down. ๐๐ด
The bigger trend is still bearish on the daily, 4H, and 1H charts. Open interest is also falling in the screenshot, so I want to see whether buyers can keep this bounce alive.
Iโm not chasing the price down. Iโm watching for a short near the entry zone.
Entry: 0.0057916โ0.0058004 ๐ฏ TP1: 0.0057195 ๐ฏ TP2: 0.0056685 ๐ฏ TP3: 0.0055920 ๐ SL: 0.0058980
Take half profit at TP1, then move SL to entry. Keep the size light.
The bounce is not a trend reversal until buyers prove it. ๐๐ฅ
The bigger trend is still bearish on the daily, 4H, and 1H charts. Open interest is also falling in the screenshot, so I want to see whether buyers can keep this bounce alive.
Iโm not chasing the price down. Iโm watching for a short near the entry zone.
Entry: 0.0057916โ0.0058004 ๐ฏ TP1: 0.0057195 ๐ฏ TP2: 0.0056685 ๐ฏ TP3: 0.0055920 ๐ SL: 0.0058980
Take half profit at TP1, then move SL to entry. Keep the size light.
The bounce is not a trend reversal until buyers prove it. ๐๐ฅ