The chart shows a descending triangle pattern forming on the 1-hour timeframe. This is typically a bearish continuation pattern!
🔻 Short Setup (If breakdown below $0.3650):
Entry: $0.3630 (on confirmed breakdown with volume)
Stop Loss: $0.3745 (above moving average cluster)
Take Profit:
TP1: $0.3593 (previous low)
TP2: $0.3450 (measured move target)
Final Notes:
Wait for breakout confirmation before entering.
Use volume as a trigger: breakout without volume is a fakeout risk.
This setup is suitable for scalp to intraday swing trades.
