$ONG SHORT 50x | The zone is active.
ONG has reached the area I was watching. I’m looking for a downside move, with the setup invalidated if price breaks the SL.
Trade Plan:
• Entry: 0.16339 – 0.16857
• TP1: 0.13799
• TP2: 0.11932
• TP3: 0.09133
• SL: 0.20331
Why I’m watching this setup:
• 4H structure aligns with the 1D range
• RSI15 around 65 leaves room for a potential pullback
• Volume is currently below the expected level, while sellers are appearing
Risk is defined. Execution matters more than prediction.
Would you wait for a rejection candle first, or enter directly in the zone with the invalidation level in mind?
ONG has reached the area I was watching. I’m looking for a downside move, with the setup invalidated if price breaks the SL.
Trade Plan:
• Entry: 0.16339 – 0.16857
• TP1: 0.13799
• TP2: 0.11932
• TP3: 0.09133
• SL: 0.20331
Why I’m watching this setup:
• 4H structure aligns with the 1D range
• RSI15 around 65 leaves room for a potential pullback
• Volume is currently below the expected level, while sellers are appearing
Risk is defined. Execution matters more than prediction.
Would you wait for a rejection candle first, or enter directly in the zone with the invalidation level in mind?
