$BTR short: 0.04314–0.04334 on the 4H is the cap sellers need to hold 👀
Price sits at 0.0432, right in the zone. I want a rejection here, not acceptance above. 0.0444 and the idea is done.
Why this level:
- 4H price 0.0432 below EMA50 0.0473, so structure still favors sellers
- Daily below EMA200 0.0531, the bigger trend is on this side
- Risk 2.7% to SL vs 4.3% to TP3, about 1.6R if the full move plays out
🔴 SHORT · Entry 0.04314–0.04334 · TP 0.04254 / 0.04207 / 0.04136 · SL 0.04441
Rejection at 0.0433, or acceptance above it?
NFA · DYOR
Price sits at 0.0432, right in the zone. I want a rejection here, not acceptance above. 0.0444 and the idea is done.
Why this level:
- 4H price 0.0432 below EMA50 0.0473, so structure still favors sellers
- Daily below EMA200 0.0531, the bigger trend is on this side
- Risk 2.7% to SL vs 4.3% to TP3, about 1.6R if the full move plays out
🔴 SHORT · Entry 0.04314–0.04334 · TP 0.04254 / 0.04207 / 0.04136 · SL 0.04441
Rejection at 0.0433, or acceptance above it?
NFA · DYOR