$OP is showing a clean rejection from the 0.10907–0.10973 resistance zone, where a 75x isolated short position has been initiated. The setup is based on a potential downside continuation, provided price follows through after this rejection.
OP
0.1118
-2.52%
📊 Trade Plan:
Entry: 0.10907 – 0.10973
TP1: 0.10743
TP2: 0.10678
TP3: 0.10547
SL: 0.11137
The 4H structure remains bearish, supported by a weak daily context as price continues to react from the 0.10940 area. This reinforces the resistance zone as a key level where sellers are stepping in. On the 15-minute timeframe, RSI around 69 shows elevated momentum, which can often lead to exhaustion and a potential reversal if buyers fail to sustain the move. Meanwhile, volume conditions suggest limited buying strength, allowing sellers to take control if momentum shifts.
Overall, this is a rejection-based short setup where continuation depends on confirmation through sustained downside movement.