#S SHORT SETUP — RESISTANCE IN FOCUS
$s has made a strong rally from 0.0369 and is now facing selling pressure around the 0.0462 resistance zone after its recent 16% move.
I'm watching this area closely for a possible rejection and a short-term correction toward lower support levels.
SHORT TRADE PLAN
Entry: 0.0458–0.0462
TP1: 0.0440
TP2: 0.0425
Final Target: 0.0400
Stop Loss: 0.0498
As long as the 0.0462–0.0465 zone continues to act as resistance, a move toward 0.0425 and potentially 0.0400 remains possible.
However, if $S breaks above 0.0475 with strong momentum, this bearish setup would be invalidated.
I'll be watching the price reaction at resistance and waiting for confirmation before entering. Proper risk management is essential.
Keeping $S on watch for the next move.
$s has made a strong rally from 0.0369 and is now facing selling pressure around the 0.0462 resistance zone after its recent 16% move.
I'm watching this area closely for a possible rejection and a short-term correction toward lower support levels.
SHORT TRADE PLAN
Entry: 0.0458–0.0462
TP1: 0.0440
TP2: 0.0425
Final Target: 0.0400
Stop Loss: 0.0498
As long as the 0.0462–0.0465 zone continues to act as resistance, a move toward 0.0425 and potentially 0.0400 remains possible.
However, if $S breaks above 0.0475 with strong momentum, this bearish setup would be invalidated.
I'll be watching the price reaction at resistance and waiting for confirmation before entering. Proper risk management is essential.
Keeping $S on watch for the next move.