Type: Short Trade 📉
Entry Point: $1.32 (breakdown level)
Stop Loss (SL): $1.40 (marked in red) 🚫
Target 1 (T1): $1.23 (marked in yellow) 🟡
Target 2 (T2): $1.15 (marked in green) ✅
Reason for Short: Rising wedge breakdown with bearish momentum forming near $1.32. The price failed to break resistance near $1.40 and now shows potential for further downside.
Confirmation: Break of the trendline support and rejection at a key resistance zone near $1.32.
Timeframe: 30-minute chart.
vibes12
Entry Point: $1.32 (breakdown level)
Stop Loss (SL): $1.40 (marked in red) 🚫
Target 1 (T1): $1.23 (marked in yellow) 🟡
Target 2 (T2): $1.15 (marked in green) ✅
Reason for Short: Rising wedge breakdown with bearish momentum forming near $1.32. The price failed to break resistance near $1.40 and now shows potential for further downside.
Confirmation: Break of the trendline support and rejection at a key resistance zone near $1.32.
Timeframe: 30-minute chart.
vibes12
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.