🔍 Why this short position? Overextended Rally: Price rejected strongly around the 0.00757 high on the 1-hour chart, leaving a long upper wick indicating heavy selling pressure.
Resistance Test: Reaching a key short-term resistance zone, making a mean-reversion move down toward lower moving averages likely.
Favorable Risk/Reward: Risk is tightly capped above 0.008055, offering a clean downside path toward the 0.006278 target area.
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