$US reacted well after taking liquidity.
The 1h/4h context still favors sellers, and aggressive selling is still showing up.
I would rather see price reject around $0.006568–$0.006606 than short after the move is already stretched. The setup is invalid if price cleanly crosses $0.006625.
Would you trade this short setup now, or wait for a cleaner reaction?
#US #Trading
Trade plan: SHORT
Entry: $0.006568 - $0.006606
SL: $0.006625
TP1: $0.006523
TP2: $0.006514
TP3: $0.006439
The 1h/4h context still favors sellers, and aggressive selling is still showing up.
I would rather see price reject around $0.006568–$0.006606 than short after the move is already stretched. The setup is invalid if price cleanly crosses $0.006625.
Would you trade this short setup now, or wait for a cleaner reaction?
#US #Trading
Trade plan: SHORT
Entry: $0.006568 - $0.006606
SL: $0.006625
TP1: $0.006523
TP2: $0.006514
TP3: $0.006439