📉 TURBO Short Setup in Focus 🔻
Trading Plan:
Bias: Short
Entry: 0.0019800 - 0.0020500
SL: 0.0021500
TP1–TP3: 0.0019000 / 0.0018000 / 0.0016000
Technical Analysis:
The asset displays a clear bearish trend on the 4-hour timeframe, with price action consistently trading below the EMA(7), EMA(25), and EMA(99). These moving averages are currently acting as dynamic resistance, particularly around the 0.0020200 - 0.0020700 zone. Bearish momentum is confirmed by the MACD indicator, which is positioned below the zero line, and the RSI, which remains in bearish territory without being oversold. A rejection from the current EMA cluster would serve as a confirmation signal to target lower support levels.
Invalidation:
Only a decisive break and hold above 0.0021500 would invalidate this bearish setup.
