$HOME USDT Short (double top rejection)
Price is ~0.00564 on the 15m chart, testing the double top / LH zone at ~0.00567-0.00568 after a sharp bounce off the HL at ~0.00537. This is a spot chart, so no leverage applies.
Entry: 0.00562-0.00567 on a rejection (bearish 15m candle at the double top), or a safer entry on a 15m close below the rising trendline (~0.00555)
Stop loss: 0.00574 (above the double top) TP1: 0.00555 TP2: 0.00549 (key support / white line)
TP3: 0.00537 (HL / range low)
Notes:
Structure is a double top plus an LH below the earlier drop, which favors a short. But the move up was strong with rising volume, so wait for a confirmed rejection rather than shorting blindly. Skip the trade if a 15m candle closes above 0.00570; that invalidates the double top. On a 15m timeframe, moves are fast and noisy. Risk 1% or less per trade.
Not financial advice.
@Binance Square Official #FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence #EvernorthDelaysNasdaqDebutToOct12 #Binance #ChartSniper
Price is ~0.00564 on the 15m chart, testing the double top / LH zone at ~0.00567-0.00568 after a sharp bounce off the HL at ~0.00537. This is a spot chart, so no leverage applies.
Entry: 0.00562-0.00567 on a rejection (bearish 15m candle at the double top), or a safer entry on a 15m close below the rising trendline (~0.00555)
Stop loss: 0.00574 (above the double top) TP1: 0.00555 TP2: 0.00549 (key support / white line)
TP3: 0.00537 (HL / range low)
Notes:
Structure is a double top plus an LH below the earlier drop, which favors a short. But the move up was strong with rising volume, so wait for a confirmed rejection rather than shorting blindly. Skip the trade if a 15m candle closes above 0.00570; that invalidates the double top. On a 15m timeframe, moves are fast and noisy. Risk 1% or less per trade.
Not financial advice.
@Binance Square Official #FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence #EvernorthDelaysNasdaqDebutToOct12 #Binance #ChartSniper