$BANK SHORT SETUP IDENTIFIED AT CRITICAL RESISTANCE ZONE ๐
Entry: 0.0396 - 0.0400 ๐ฅ
Target: 0.0385, 0.0375, 0.0365 ๐
Stop Loss: 0.0408 โ ๏ธ
The price action for $BANK is currently testing a clean resistance level that aligns with the previous structural breakdown. We are seeing a lack of follow-through on the lower timeframe, suggesting that sellers are stepping in to defend the 0.0400 liquidity zone.
The current setup offers a defined risk-to-reward profile as we look for a move back toward the local lows. With the stop loss placed just above the recent high, the invalidation point is clear. Do you see this retesting the 0.0365 level before the end of the session?
Not financial advice. Always manage your risk.
#BANK #ShortSetup #TechnicalAnalysis #OrderFlow
๐ฏ
Entry: 0.0396 - 0.0400 ๐ฅ
Target: 0.0385, 0.0375, 0.0365 ๐
Stop Loss: 0.0408 โ ๏ธ
The price action for $BANK is currently testing a clean resistance level that aligns with the previous structural breakdown. We are seeing a lack of follow-through on the lower timeframe, suggesting that sellers are stepping in to defend the 0.0400 liquidity zone.
The current setup offers a defined risk-to-reward profile as we look for a move back toward the local lows. With the stop loss placed just above the recent high, the invalidation point is clear. Do you see this retesting the 0.0365 level before the end of the session?
Not financial advice. Always manage your risk.
#BANK #ShortSetup #TechnicalAnalysis #OrderFlow
๐ฏ