$HOME Facing resistance at the 200 EMA after a relief bounce
Trade Setup: Short
Entry Zone: 0.0335 – 0.0350
TP1: 0.0310
TP2: 0.0280
TP3: 0.0255
SL: 0.0375
The price is trading below the 200 EMA (0.0379) after a sharp collapse from the peak of 0.0775. Although buyers managed to record a bounce from the bottom at 0.0251, the recovery is still under a key dynamic resistance level. The broader structure still reflects a bearish trend, with the recent rise appearing corrective rather than a confirmed reversal. Failure to reclaim and hold above the 200 EMA may attract new selling pressure and could lead to another test of lower support zones.
Please follow up
$HOME #Home
Trade Setup: Short
Entry Zone: 0.0335 – 0.0350
TP1: 0.0310
TP2: 0.0280
TP3: 0.0255
SL: 0.0375
The price is trading below the 200 EMA (0.0379) after a sharp collapse from the peak of 0.0775. Although buyers managed to record a bounce from the bottom at 0.0251, the recovery is still under a key dynamic resistance level. The broader structure still reflects a bearish trend, with the recent rise appearing corrective rather than a confirmed reversal. Failure to reclaim and hold above the 200 EMA may attract new selling pressure and could lead to another test of lower support zones.
Please follow up
$HOME #Home