$TNSR - SHORT Setup
Entry: 0.0900 – 0.0915 (On rejection from this supply zone)
Target 1:0.0850
Target 2:0.0820
Stop Loss:0.0930 (Above the 24h high)
My View:
TNSR has experienced a sharp pump today(+11.64%) but remains entrenched in a severe long-term downtrend, with catastrophic losses over the past year (-91.75%). The price is now approaching a critical resistance area defined by the 24h high (0.09359). The order book shows significant Ask liquidity stacked just above the current price, indicating heavy selling pressure is present as early buyers take profits. Such strong single-day rallies within a persistent downtrend are typically corrective and prone to sharp reversals. The plan is to enter a short position on a confirmed rejection from the defined resistance area, anticipating a retracement of today's gains and a continuation of the primary downtrend towards the recent low.
Bias: Bearish below 0.0915. A break and hold above 0.0930 would suggest the bullish momentum may extend further.
Disclaimer:My plan. Not advice. Trade your own risk.
