$HK0700 Short Setup: Bearish Momentum Escalates!
Entry: Around 442.00
Stop Loss (SL): 447.50 (Above the MA25 resistance)
Take Profit (TP): 430.00
👉Reason:
The chart clearly shows a strong downtrend. The price is currently trading below the 7-period Moving Average (MA7) and 25-period Moving Average (MA25), which are acting as strong resistance layers. Continuous red candles and a lower-high structure indicate that sellers are completely in control.
Entry: Around 442.00
Stop Loss (SL): 447.50 (Above the MA25 resistance)
Take Profit (TP): 430.00
👉Reason:
The chart clearly shows a strong downtrend. The price is currently trading below the 7-period Moving Average (MA7) and 25-period Moving Average (MA25), which are acting as strong resistance layers. Continuous red candles and a lower-high structure indicate that sellers are completely in control.