📉
🔽 Bias: Bearish
📍 Entry Zone: ~$3.465
🛑 Stop-Loss (SL): $3.4911 (above resistance zone)
🎯 Target Zone (TP): $3.3816
📏 Risk/Reward: Approx. 1:2+
🔍 Technical Highlights:
Price rejected from resistance near $3.49 (white line)
Rising trendline (pink) now broken
Yellow zone = possible break-retest area
Momentum shows weakening structure on lower highs
Perfect textbook trendline breakdown + R flip
🧠 Trade Reasoning:
Entered after confirmation of lower high
SL above key resistance
TP near recent support level
🔽 Bias: Bearish
📍 Entry Zone: ~$3.465
🛑 Stop-Loss (SL): $3.4911 (above resistance zone)
🎯 Target Zone (TP): $3.3816
📏 Risk/Reward: Approx. 1:2+
🔍 Technical Highlights:
Price rejected from resistance near $3.49 (white line)
Rising trendline (pink) now broken
Yellow zone = possible break-retest area
Momentum shows weakening structure on lower highs
Perfect textbook trendline breakdown + R flip
🧠 Trade Reasoning:
Entered after confirmation of lower high
SL above key resistance
TP near recent support level
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.
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.