$OP Short 10x | Sellers are in control, and invalidation is straightforward.
OP has hit the supply zone I was targeting. I’ve entered the position, but the market still needs to validate the bearish thesis.
Trade Plan:
- Entry: 0.12493 – 0.12565
- TP1: 0.12267 (R:R 1:0.8)
- TP2: 0.12093 (R:R 1:1.2)
- TP3: 0.11831 (R:R 1:2.0)
- SL: 0.12878
Why this setup?
- The setup remains intact due to the 4h structure aligning with the range-bound 1D context at this key zone.
- RSI15 at 46 indicates neutral momentum, allowing for potential downside; I’m looking for sellers to capitalize on this, not just graze it.
- Current volume stands at 0.35x, with 1.35M traded against 3.86M anticipated, signaling genuine sell-side engagement.
Trade here 👇 and how do you see it: a strategic short opportunity, or a setup for late sellers to get trapped?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
OP has hit the supply zone I was targeting. I’ve entered the position, but the market still needs to validate the bearish thesis.
Trade Plan:
- Entry: 0.12493 – 0.12565
- TP1: 0.12267 (R:R 1:0.8)
- TP2: 0.12093 (R:R 1:1.2)
- TP3: 0.11831 (R:R 1:2.0)
- SL: 0.12878
Why this setup?
- The setup remains intact due to the 4h structure aligning with the range-bound 1D context at this key zone.
- RSI15 at 46 indicates neutral momentum, allowing for potential downside; I’m looking for sellers to capitalize on this, not just graze it.
- Current volume stands at 0.35x, with 1.35M traded against 3.86M anticipated, signaling genuine sell-side engagement.
Trade here 👇 and how do you see it: a strategic short opportunity, or a setup for late sellers to get trapped?
EDUCATIONAL INFORMATION ONLY. NO ADVICE, OFFER, SOLICITATION, OR RECOMMENDATION. YOUR MOVE, YOUR RISK.
