Everyone's waiting for support to hold, but failed retests usually create the next leg lower—not the reversal traders hope for.
$TAIKO /USDT – SHORT
Trade Plan:
Entry: 0.0707 – 0.0712
SL: 0.0741
TP1: 0.0692
TP2: 0.0680
TP3: 0.0674
Why this setup?
- Price has lost momentum after failing to reclaim the recent resistance zone, indicating that sellers remain firmly in control of the short-term trend.
- The rejection around 0.0710–0.0720 suggests a liquidity sweep rather than a true breakout, increasing the probability of another move lower.
- Lower highs continue to develop while buyers struggle to sustain follow-through, a classic sign of weakening bullish pressure.
- The first downside objective sits at 0.0692, but if selling volume accelerates, the next liquidity pockets around 0.0680 and 0.0674 become the higher-probability targets.
- Invalidation is clearly defined above 0.0741, keeping the risk-to-reward attractive for traders looking to follow the prevailing bearish structure rather than fight it.
Debate:
Would you short the failed resistance retest now, or wait for another liquidity grab before entering the trade?
#Write2Earn
$TAIKO /USDT – SHORT
Trade Plan:
Entry: 0.0707 – 0.0712
SL: 0.0741
TP1: 0.0692
TP2: 0.0680
TP3: 0.0674
Why this setup?
- Price has lost momentum after failing to reclaim the recent resistance zone, indicating that sellers remain firmly in control of the short-term trend.
- The rejection around 0.0710–0.0720 suggests a liquidity sweep rather than a true breakout, increasing the probability of another move lower.
- Lower highs continue to develop while buyers struggle to sustain follow-through, a classic sign of weakening bullish pressure.
- The first downside objective sits at 0.0692, but if selling volume accelerates, the next liquidity pockets around 0.0680 and 0.0674 become the higher-probability targets.
- Invalidation is clearly defined above 0.0741, keeping the risk-to-reward attractive for traders looking to follow the prevailing bearish structure rather than fight it.
Debate:
Would you short the failed resistance retest now, or wait for another liquidity grab before entering the trade?
#Write2Earn