Chain Reaction
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Bearish
SHORT POTENTIAL $JASMY
1. V-Sharp Pump and Supply Zone: A rapid price increase followed by a rejection at a supply zone is a sign of potential exhaustion of bullish momentum. It was also filling of liquidity which suggests that buy orders in that area have been met, and sellers might step in.
2. Bearish Momentum on Higher Timeframe: This aligns with the idea that the upward move might be over, and a larger downtrend could be beginning.
3. Bearish Structure on 15-Minute Timeframe: Identifying a bearish structure (e.g., lower highs and lower lows) on a lower timeframe after a rejection at a higher timeframe resistance level adds confluence to the bearish bias.
4. Bearish Fractal: The formation of a bearish fractal at entry point ($0.01431) is a specific trigger signal based on price patterns, suggesting a potential reversal.
5. Risk-Reward Ratio: A 5R (5:1 risk-reward ratio) is generally considered a favorable setup from a risk management perspective.
Be cautious, with a stop-loss at 0.01450 and a take-profit at 0.01339
REMARK: This is for educational purposes only and not trading advice. What are your thoughts on this setup? Please share your ideas for further discussion.
#StopLossStrategies
1. V-Sharp Pump and Supply Zone: A rapid price increase followed by a rejection at a supply zone is a sign of potential exhaustion of bullish momentum. It was also filling of liquidity which suggests that buy orders in that area have been met, and sellers might step in.
2. Bearish Momentum on Higher Timeframe: This aligns with the idea that the upward move might be over, and a larger downtrend could be beginning.
3. Bearish Structure on 15-Minute Timeframe: Identifying a bearish structure (e.g., lower highs and lower lows) on a lower timeframe after a rejection at a higher timeframe resistance level adds confluence to the bearish bias.
4. Bearish Fractal: The formation of a bearish fractal at entry point ($0.01431) is a specific trigger signal based on price patterns, suggesting a potential reversal.
5. Risk-Reward Ratio: A 5R (5:1 risk-reward ratio) is generally considered a favorable setup from a risk management perspective.
Be cautious, with a stop-loss at 0.01450 and a take-profit at 0.01339
REMARK: This is for educational purposes only and not trading advice. What are your thoughts on this setup? Please share your ideas for further discussion.
#StopLossStrategies
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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