🔍 Why this short position? Local Resistance Rejection: Price hit a sharp peak near $1.3447 and immediately wicked down, showing aggressive seller intervention at key high levels.
Overextended Impulse: The 4-hour chart shows a violent vertical rally that exhausted volume quickly, leaving a massive imbalance gap below ripe for mean reversion.
Double Top Structure: Price failed to clear the upper supply zone around $1.3800, setting up a high-probability drop toward major support near $0.9200.