$O — Double-Tap Rejection Under 0.53 Supply, Dump Triggers Soon 📉
Trade Plan: Short $O
Entry: 0.525 - 0.530
SL: 0.5363
TP: 0.5156 | 0.5046 | 0.4944
Why this Setup?
Price ripped into the 0.5288 - 0.53 supply pocket and is now stalling beneath the rejection zone, creating a potential bull-trap setup. If 0.525 gives way, the move could turn into a fast liquidity flush toward 0.5156, followed by deeper downside toward 0.5046 and 0.4944. As long as 0.5363 holds, the bearish setup remains valid.
Trade $O here 👇
Trade Plan: Short $O
Entry: 0.525 - 0.530
SL: 0.5363
TP: 0.5156 | 0.5046 | 0.4944
Why this Setup?
Price ripped into the 0.5288 - 0.53 supply pocket and is now stalling beneath the rejection zone, creating a potential bull-trap setup. If 0.525 gives way, the move could turn into a fast liquidity flush toward 0.5156, followed by deeper downside toward 0.5046 and 0.4944. As long as 0.5363 holds, the bearish setup remains valid.
Trade $O here 👇