$BASED just swept a key level and reclaimed it.
The 1h/4h context still favors sellers, and open interest is coming out of the move.
I would rather see price reject around $0.05005–$0.05041 than short after the move is already stretched. The setup is invalid if price cleanly crosses $0.05079.
Would you trade this short setup now, or wait for a cleaner reaction?
#BASED #Trading
Trade plan: SHORT
Entry: $0.05005 - $0.05041
SL: $0.05079
TP1: $0.0496
TP2: $0.0496
TP3: $0.0496
The 1h/4h context still favors sellers, and open interest is coming out of the move.
I would rather see price reject around $0.05005–$0.05041 than short after the move is already stretched. The setup is invalid if price cleanly crosses $0.05079.
Would you trade this short setup now, or wait for a cleaner reaction?
#BASED #Trading
Trade plan: SHORT
Entry: $0.05005 - $0.05041
SL: $0.05079
TP1: $0.0496
TP2: $0.0496
TP3: $0.0496