$HEMI the bounce looks weak, and I’m watching for another move down. 👀🔴
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.
I’m not chasing the price down. I’m watching for a short near the entry zone.
Entry: 0.0057916–0.0058004 🎯 TP1: 0.0057195 🎯 TP2: 0.0056685 🎯 TP3: 0.0055920 🛑 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. 📉🔥
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.
I’m not chasing the price down. I’m watching for a short near the entry zone.
Entry: 0.0057916–0.0058004 🎯 TP1: 0.0057195 🎯 TP2: 0.0056685 🎯 TP3: 0.0055920 🛑 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. 📉🔥