Entry: $23.04315 (Fibonacci retracement zone)
Stop Loss: $23.65061 (above recent structure)
Take Profit: $21.82822 (projected downside target)
Risk/Reward: Favorable ~1:2+
📊 Confluence Checklist
✅ EMA OK: Price is trading below the moving averages
✅ HTF EMA OK: Higher timeframe trend is bearish
✅ RSI OK: RSI confirms downside momentum
✅ MACD OK: Bearish confirmation present
Stop Loss: $23.65061 (above recent structure)
Take Profit: $21.82822 (projected downside target)
Risk/Reward: Favorable ~1:2+
📊 Confluence Checklist
✅ EMA OK: Price is trading below the moving averages
✅ HTF EMA OK: Higher timeframe trend is bearish
✅ RSI OK: RSI confirms downside momentum
✅ MACD OK: Bearish confirmation present
Trade closed: target reached
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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.