*$NIL / USDT - SHORT SETUP | Rejection at Top 🔻*
Double top formed at 0.09320 on the 4H chart and market showed strong rejection. After a strong pump, sellers are now active.
*Chart Breakdown:*
- 15m MA25 (0.08806) breakdown
- Heavy selling from 0.08883 wick on last candle with volume spike
- MA60 starting downtrend, price moving down from highs
- 59% shorts in, momentum on short side
*My Short Plan:*
Entry: 0.08780 - 0.08830
Target 1: 0.08655
Target 2: 0.08501 (MA99 Support)
Stop Loss: 0.08920
Risk: 1-2% only. 24h Volume is 779M, watch out for wicks.
Not financial advice, DYOR.
Double top formed at 0.09320 on the 4H chart and market showed strong rejection. After a strong pump, sellers are now active.
*Chart Breakdown:*
- 15m MA25 (0.08806) breakdown
- Heavy selling from 0.08883 wick on last candle with volume spike
- MA60 starting downtrend, price moving down from highs
- 59% shorts in, momentum on short side
*My Short Plan:*
Entry: 0.08780 - 0.08830
Target 1: 0.08655
Target 2: 0.08501 (MA99 Support)
Stop Loss: 0.08920
Risk: 1-2% only. 24h Volume is 779M, watch out for wicks.
Not financial advice, DYOR.