Price recently tested the 0.1293 resistance and showed strong rejection, forming a possible short opportunity.
Entry Zone: 0.1264 (after rejection)
Stop Loss: 0.1293 (above resistance)
Target Zone: 0.1210
Risk/Reward: ≈ 1:1.6
Why Short?
Price extended into a strong resistance zone.
Rejection candle + wick shows sellers stepping in.
Momentum slowing after a strong rally.
📊 Plan: If price closes below 0.1264, I’ll look for continuation down toward 0.1210.
⚡ Partial profits possible near 0.1239 to secure gains.
💡 Always manage risk: trade small, stick to your stop, and adjust as market develops.
Entry Zone: 0.1264 (after rejection)
Stop Loss: 0.1293 (above resistance)
Target Zone: 0.1210
Risk/Reward: ≈ 1:1.6
Why Short?
Price extended into a strong resistance zone.
Rejection candle + wick shows sellers stepping in.
Momentum slowing after a strong rally.
📊 Plan: If price closes below 0.1264, I’ll look for continuation down toward 0.1210.
⚡ Partial profits possible near 0.1239 to secure gains.
💡 Always manage risk: trade small, stick to your stop, and adjust as market develops.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.