$SOPH
Managing risk on this resistance test
I am entering a short here because price is reacting directly to a premium supply zone with fading momentum. Whale positioning shows profit-taking at these highs, pointing to a probable corrective pullback[
Setup Plan:
🔴 SHORT
Entry Zone: 0.003850 - 0.003950 USDT
Target 1: 0.003600 USDT
Target 2: 0.003400 USDT
Target 3: 0.003100 USDT
Invalidation: 0.004080 USDT
Are you looking at the short side here?
Managing risk on this resistance test
I am entering a short here because price is reacting directly to a premium supply zone with fading momentum. Whale positioning shows profit-taking at these highs, pointing to a probable corrective pullback[
Setup Plan:
🔴 SHORT
Entry Zone: 0.003850 - 0.003950 USDT
Target 1: 0.003600 USDT
Target 2: 0.003400 USDT
Target 3: 0.003100 USDT
Invalidation: 0.004080 USDT
Are you looking at the short side here?