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• Entry short: area 0.0119–0.0120
• Stop-loss: above the Ichimoku cloud, around 0.0125
• Take-profit: strong support area 0.0108–0.0110
• R:R: close to 2:1
• Timeframe: 4H
• Profit target: ~9%
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🧠 Strategy explanation:
1. Ichimoku Cloud: The current price is below the red cloud – the main trend is still down. The front cloud continues to be thick and red, indicating that the sellers are in control.
2. Volume (Volume Profile): There is a significant decrease in volume at the current retracement area (~59.94M compared to the previous drop of ~389M), indicating weak buying pressure; it may only be a technical retracement.
3. MACD: The histogram begins to fade after a brief green phase => the upward momentum is weakening. The MACD line may cross below the Signal line, indicating a potential reversal point.
4. Price behavior: The price has tested the area 0.0120 multiple times unsuccessfully. This is a resistance area near the cloud; the likelihood of rejection and reversal is high.
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📌 Note: If the price breaks above 0.0125 with high volume, the short strategy becomes invalid and should exit early.
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