#StopLossStrategies Bearish Entry Zone:
Look for potential short entry if the price shows signs of rejection around the $1,590 - $1,595 area. This zone represents the recent high and a potential resistance level. Confirmation of bearish momentum (e.g., bearish engulfing candle, increased selling volume) is crucial before entering.
🎯 Targets:
Target 1: $1,580.00 📉 (Previous resistance turned potential support - likely initial target)
Target 2: $1,572.00 🐻 (Swing low before the recent bullish move)
Target 3: $1,565.00 🔻 (Potential for further downside if bearish pressure increases)