$W : Fails Resistance Retest: Bearish Extension Imminent
SHORT SETUP W
Entry: $0.01830 - $0.01836
Stop Loss: $0.01900
Take Profit: $0.01699 (2R)
Key Levels: Support $0.01587 | Resistance $0.01850
Technical Analysis for $W : Price sits just below 0.0185 resistance, above all EMAs and with a 10% bid imbalance. RSI 76 and Stochastic 96 show overbought, and price is past the Bollinger upper band, hinting at a pullback. Short entry near 0.01832, SL 0.01900, TP 0.01700, targeting the 0.01740.01587 support zone. A break above 0.0185 invalidates the trade.
Market Context: BTC down 0.28% on a bearish 4hour trend, broader market breadth remains negative.
SHORT $W
SHORT SETUP W
Entry: $0.01830 - $0.01836
Stop Loss: $0.01900
Take Profit: $0.01699 (2R)
Key Levels: Support $0.01587 | Resistance $0.01850
Technical Analysis for $W : Price sits just below 0.0185 resistance, above all EMAs and with a 10% bid imbalance. RSI 76 and Stochastic 96 show overbought, and price is past the Bollinger upper band, hinting at a pullback. Short entry near 0.01832, SL 0.01900, TP 0.01700, targeting the 0.01740.01587 support zone. A break above 0.0185 invalidates the trade.
Market Context: BTC down 0.28% on a bearish 4hour trend, broader market breadth remains negative.
SHORT $W