Short $1000PEPE : 0.00389 is the 4H resistance for sellers.
Price sits at 0.00388, just under it. I'm watching for a rejection here; a push through 0.00394 and I step aside.
What backs it:
- 4H price 0.00388 sits below the EMA50 at 0.00405, so structure still favors sellers
- Risk 1.4% to the stop vs 2.3% to TP3, about 1.6R if the full move plays out
- 1H RSI at 43: momentum neutral, room to roll over
đŽ SHORT · Entry 0.003876â0.003886 · TP 0.003848 / 0.003826 / 0.003793 · SL 0.003936
Rejection at 0.00389, or a break of 0.00394?
NFA · DYOR
Price sits at 0.00388, just under it. I'm watching for a rejection here; a push through 0.00394 and I step aside.
What backs it:
- 4H price 0.00388 sits below the EMA50 at 0.00405, so structure still favors sellers
- Risk 1.4% to the stop vs 2.3% to TP3, about 1.6R if the full move plays out
- 1H RSI at 43: momentum neutral, room to roll over
đŽ SHORT · Entry 0.003876â0.003886 · TP 0.003848 / 0.003826 / 0.003793 · SL 0.003936
Rejection at 0.00389, or a break of 0.00394?
NFA · DYOR