$PROMPT
š Sell Setup (Warning Rules)
1. Wait for Rejection
When the price shows rejection from the upper level (Resistance zone) ā meaning it forms a wick and closes below.
2. Confirmation Candle is important
Do not take entry just by looking at the wick. Confirmation will happen only when the candle closes below the resistance.
3. Entry Rule
Take sell entry in the next candle only, but only when it sustains below the low of the rejection candle.
Avoid aggressive entry, otherwise you may get trapped in a false breakout.
4. Stop Loss (SL)
The high of the rejection candle will be your SL.
5. Target Zone
First target is nearby support (eg. 0.1824)
Second target is major support (eg. 0.1185)
6. Avoid Trap
If after rejection the candle closes above the resistance again then sell should be avoided.
ā ļø Warning: If you take sell entry based on guesswork without confirmation then the risk of getting trapped will be very high. Always wait for the confirmation candle close.#Write2Earn
