$FORM Re-test the supply zone above. The volume and momentum haven’t kept up, and the rebound strength is getting weaker. I reviewed the previous price action myself: every time it surges into this area, it gets pushed back down. This time is unlikely to be an exception. I’m not saying it will immediately crash like a waterfall, but the risk-reward and value for going long here is too low.
More importantly, there’s a lot of liquidity below waiting to be absorbed. My plan is to wait for the coin price to return to this range and then gradually set up short orders, patiently letting the market reveal its direction on its own.
🔴 Trading direction: Short
📍 Entry range: 0.213 – 0.219
🛑 Stop loss: 0.235
🎯 Take profit 1: 0.205
🎯 Take profit 2: 0.195
🎯 Take profit 3: 0.184
#FORM
Click below to trade 👇👇👇
More importantly, there’s a lot of liquidity below waiting to be absorbed. My plan is to wait for the coin price to return to this range and then gradually set up short orders, patiently letting the market reveal its direction on its own.
🔴 Trading direction: Short
📍 Entry range: 0.213 – 0.219
🛑 Stop loss: 0.235
🎯 Take profit 1: 0.205
🎯 Take profit 2: 0.195
🎯 Take profit 3: 0.184
#FORM
Click below to trade 👇👇👇