$SOPH short: 0.00150 on the 4H is the ceiling I'm watching 👀
Daily trend is down and price sits below the 4H EMA50. I want sellers to show up here, not a push through 0.00154.
The read:
- 4H price 0.00150 below EMA50 0.00164, so trend structure still favors sellers
- Daily below EMA200 0.00531, the bigger trend is on this side
- Risk 3.3% to SL vs 5.3% to TP3, about 1.6R if the full move plays out
🔴 SHORT · Entry 0.001491–0.001499 · TP 0.001465 / 0.001446 / 0.001416 · SL 0.001544
Sellers defend 0.00150, or a push through 0.00154?
NFA · DYOR
Daily trend is down and price sits below the 4H EMA50. I want sellers to show up here, not a push through 0.00154.
The read:
- 4H price 0.00150 below EMA50 0.00164, so trend structure still favors sellers
- Daily below EMA200 0.00531, the bigger trend is on this side
- Risk 3.3% to SL vs 5.3% to TP3, about 1.6R if the full move plays out
🔴 SHORT · Entry 0.001491–0.001499 · TP 0.001465 / 0.001446 / 0.001416 · SL 0.001544
Sellers defend 0.00150, or a push through 0.00154?
NFA · DYOR
