â ď¸STOP-LOSS: $0.0555 (above recent high resistance)
âNOTES:
âRSI is around 47-neutral, slight bearish divergence. âPrice is sitting on EMA 50-next move will be key. âUse tight SL due to 15m chart volatility.
â Price breaks above EMA(100) and closes above it. â RSI(6) is currently 78.69, indicating an overbought condition, wait for a minor pullback for a safer entry.
âĄIDEAL ENTRY ZONE: On a pullback to the $14.40 - $14.50 range, especially near EMA(50) or EMA(100) acting as support.
â TARGETS:
đŻ Target 1: $14.76 đŻ Target 2: $15.00 (psychological level & resistance) đŻ Target 3: $15.22 (previous resistance seen on the chart)
â ď¸ STOP LOSS: Below $14.30, just under the EMA cluster
đ´SHORT TRADE STRATEGYđ´
âCONFIRMATIONS:
â RSI is overbought (above 78), potential reversal zone â Price fails to hold above $14.60-$14.70 and shows bearish candlestick patterns (e.g., bearish engulfing)
⥠ENTRY ZONE: Between $14.65 - $14.75, near resistance levels
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