⚠ Signal: Possible Short Setup
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📉 Reason for Signal (Bearish Bias):
1. Overall Trend:
The price is below all key Moving Averages (MA7, MA25, MA99).
This confirms a downtrend on this timeframe.
2. Moving Averages:
MA(7): 2.1438
MA(25): 2.1460
MA(99): 2.1543
Current price is below or at these levels, showing bearish pressure.
MA crossover (Bearish) happened earlier (short MA crossing below long MA).
3. Resistance Zone:
Around 2.1460 - 2.1543 (MA25 and MA99)
Price is failing to break this resistance convincingly.
4. Support Level:
Recent local low at 2.1181.
If price breaks this level, further downside likely.
5. Volume:
Volume is decreasing, suggesting weak momentum for bullish reversal currently.
6. MACD / RSI (if checked): Though not visible in the screenshot, if MACD is bearish and RSI below 50, that further confirms short bias.
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✅ Trade Plan Suggestion (Short-Term)
Short Entry (If breakdown confirmed): Below 2.1180
Stop Loss: Above 2.1540 (MA99 area)
Take Profit (TP): 2.10 / 2.08 range depending on price action
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⚠ Important:
Not Financial Advice — Please manage risk properly.