Most traders see the latest bounce and assume the correction is over, but the higher-timeframe structure still favors another move lower.
$VANRY /USDT – SHORT
Trade Plan:
Entry: 0.0032914 – 0.0033126
SL: 0.0035775
TP1: 0.0030954
TP2: 0.0029577
TP3: 0.0027510
Why this setup?
- The daily market structure remains bearish, with the broader trend continuing to favor sellers despite the recent intraday recovery.
- The 15m RSI at 53.96 reflects neutral momentum rather than true bullish strength, suggesting buyers are losing conviction as price approaches resistance.
- The 0.0032914–0.0033126 entry zone aligns with a key rejection area, where failed breakouts could invite fresh selling pressure.
- A move toward TP1 at 0.0030954 offers roughly a 6% downside, while a sustained breakdown could extend the decline toward 0.0029577 and 0.0027510.
- The setup remains valid below 0.0035775, keeping the risk-to-reward attractive as long as the higher-timeframe bearish structure remains intact.
Debate:
Would you short the resistance retest, or wait for a confirmed rejection before positioning for the next leg down?
Click here to Trade 👇
#write2earn
$VANRY /USDT – SHORT
Trade Plan:
Entry: 0.0032914 – 0.0033126
SL: 0.0035775
TP1: 0.0030954
TP2: 0.0029577
TP3: 0.0027510
Why this setup?
- The daily market structure remains bearish, with the broader trend continuing to favor sellers despite the recent intraday recovery.
- The 15m RSI at 53.96 reflects neutral momentum rather than true bullish strength, suggesting buyers are losing conviction as price approaches resistance.
- The 0.0032914–0.0033126 entry zone aligns with a key rejection area, where failed breakouts could invite fresh selling pressure.
- A move toward TP1 at 0.0030954 offers roughly a 6% downside, while a sustained breakdown could extend the decline toward 0.0029577 and 0.0027510.
- The setup remains valid below 0.0035775, keeping the risk-to-reward attractive as long as the higher-timeframe bearish structure remains intact.
Debate:
Would you short the resistance retest, or wait for a confirmed rejection before positioning for the next leg down?
Click here to Trade 👇
#write2earn