Entry: Short at $5.48 (rejection at the 65% Fib level).
Stop-Loss: $5.59 (just above the recent swing high/EMA cluster).
Take-Profit: $5.12 (near prior support), ~2.5 R reward.
Rationale: All filters—EMAs trending down, HTF EMA confirmed, RSI & MACD bearish, volume supportive—align for continued downside.
Stop-Loss: $5.59 (just above the recent swing high/EMA cluster).
Take-Profit: $5.12 (near prior support), ~2.5 R reward.
Rationale: All filters—EMAs trending down, HTF EMA confirmed, RSI & MACD bearish, volume supportive—align for continued downside.
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.