$MOVR USDT Short (triangle breakdown)
Price is ~1.854, coiling inside a symmetrical triangle between the descending resistance line (LH at ~2.40) and the rising support line (HL at ~1.66).
Entry: 1h candle close below the rising trendline, around 1.80, or a rejection near 1.95-2.00 (50% level / falling trendline)
Stop loss: 2.05 (above the trendline and 61.8% level at ~2.10)
TP1: 1.70 TP2: 1.66 (HL / 0% level)
TP3: 1.55 (only if 1.66 breaks with volume)
Notes:
Bias is bearish: lower high, price below the 38.2% level, and RSI under 50. But the triangle isn't broken yet, so wait for a confirmed close below support rather than shorting inside it. Skip the short if a 1h candle closes above 2.10; that flips the structure bullish. Triangles can fake out both ways. Risk 1-2% and keep leverage low.
Not financial advice.
@Binance Square Official #FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence #EvernorthDelaysNasdaqDebutToOct12 #Binance #ChartSniper
Price is ~1.854, coiling inside a symmetrical triangle between the descending resistance line (LH at ~2.40) and the rising support line (HL at ~1.66).
Entry: 1h candle close below the rising trendline, around 1.80, or a rejection near 1.95-2.00 (50% level / falling trendline)
Stop loss: 2.05 (above the trendline and 61.8% level at ~2.10)
TP1: 1.70 TP2: 1.66 (HL / 0% level)
TP3: 1.55 (only if 1.66 breaks with volume)
Notes:
Bias is bearish: lower high, price below the 38.2% level, and RSI under 50. But the triangle isn't broken yet, so wait for a confirmed close below support rather than shorting inside it. Skip the short if a 1h candle closes above 2.10; that flips the structure bullish. Triangles can fake out both ways. Risk 1-2% and keep leverage low.
Not financial advice.
@Binance Square Official #FedMinutesFocusOnOctoberPause #BinanceLaunchesBinanceIntelligence #EvernorthDelaysNasdaqDebutToOct12 #Binance #ChartSniper