$BR The opportunity won't wait, and the market structure is sending a signal. On the four-hour chart, price is being capped by the EMA50 and EMA200. The moving averages remain bearishly aligned, and the trend is still pointing down. Take a look at this rebound: volume hasn't followed through, so it looks more like an opportunity for bears to take position.
It's still relatively stronger than Bitcoin, but assets that rally hard often pull back just as sharply. I'll be keeping an eye on the dense trading zone above. A rebound reaching that area alongside declining volume would confirm the structure. Of course, there's always a risk of a bounce, but until the trend turns, I'd rather follow the bearish structure than rush in to catch a falling knife.
🔴 Trade direction: Short
📍 Entry range: 0.4630604 – 0.4648654
🛑 Stop loss: 0.4830791
🎯 Take profit 1: 0.4496257
🎯 Take profit 2: 0.4400677
🎯 Take profit 3: 0.4257305
There's no need to chase the wind; it will settle in its own time.
Stand alongside Sister Li, and let every moment resonate.
#BR
Tap below to trade 👇
It's still relatively stronger than Bitcoin, but assets that rally hard often pull back just as sharply. I'll be keeping an eye on the dense trading zone above. A rebound reaching that area alongside declining volume would confirm the structure. Of course, there's always a risk of a bounce, but until the trend turns, I'd rather follow the bearish structure than rush in to catch a falling knife.
🔴 Trade direction: Short
📍 Entry range: 0.4630604 – 0.4648654
🛑 Stop loss: 0.4830791
🎯 Take profit 1: 0.4496257
🎯 Take profit 2: 0.4400677
🎯 Take profit 3: 0.4257305
There's no need to chase the wind; it will settle in its own time.
Stand alongside Sister Li, and let every moment resonate.
#BR
Tap below to trade 👇