Entry: $4.05865 (Fibonacci pullback zone)
Stop Loss: $4.1831 (above recent high/structure)
Take Profit: $3.80974 (support zone and measured move target)
Risk/Reward: ~1:2 — strong risk management profile
📊 Technical Confluence
✅ EMA OK: Price is below short-term EMAs
✅ HTF EMA OK: Higher timeframe confirms downtrend
✅ RSI OK: Momentum favors sellers
✅ MACD OK: Bearish momentum confirmed
Stop Loss: $4.1831 (above recent high/structure)
Take Profit: $3.80974 (support zone and measured move target)
Risk/Reward: ~1:2 — strong risk management profile
📊 Technical Confluence
✅ EMA OK: Price is below short-term EMAs
✅ HTF EMA OK: Higher timeframe confirms downtrend
✅ RSI OK: Momentum favors sellers
✅ MACD OK: Bearish momentum confirmed
Trade closed: target reached
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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.