$RED SHORT SETUP ... SELLING INTO THE 0.1750–0.1800 SUPPLY ZONE
RED has made a strong recovery from the lows, but after this sharp expansion I’m not chasing the move higher.
My preferred short area is:
Entry: 0.1750–0.1800
TP1: 0.1680
TP2: 0.1570
Final Target: 0.1500
SL: 0.1985
The setup is based on a potential liquidity sweep into overhead supply after an extended impulse move. If price reaches the entry zone and starts showing rejection, I expect a mean-reversion move lower.
A clean breakout and hold above 0.1800–0.1845 would invalidate the short thesis.
Trade on $RED
RED has made a strong recovery from the lows, but after this sharp expansion I’m not chasing the move higher.
My preferred short area is:
Entry: 0.1750–0.1800
TP1: 0.1680
TP2: 0.1570
Final Target: 0.1500
SL: 0.1985
The setup is based on a potential liquidity sweep into overhead supply after an extended impulse move. If price reaches the entry zone and starts showing rejection, I expect a mean-reversion move lower.
A clean breakout and hold above 0.1800–0.1845 would invalidate the short thesis.
Trade on $RED