Following a simple EMA rule:
1. 13 crossover 21 EMA to the downside on the daily
2. 200 EMA, which normally serves as a strong support, is decently far away from the current price based on the 4H
3. Sell volumes are high and noticeable
We enter a short on the retest of the previous support (flipped to resistance), with a decent target at the previously tapped supply zone. (Targets and stop losses are as shown in the chart)
1. 13 crossover 21 EMA to the downside on the daily
2. 200 EMA, which normally serves as a strong support, is decently far away from the current price based on the 4H
3. Sell volumes are high and noticeable
We enter a short on the retest of the previous support (flipped to resistance), with a decent target at the previously tapped supply zone. (Targets and stop losses are as shown in the chart)
Trade closed: stop reached