Bearish Continuation Setup with Defined Risk/RewardKey Observations and Trading Setup
Price Action Context: The price recently made a high around $4,045 and appears to be consolidating or forming a lower high after a previous upward move.
Identified Setup: A bearish (sell) trade setup is clearly marked on the chart.
The Entry Price appears to be around $4,009.24 (the current price shown on the OHLC data).
The Stop Loss (the maximum acceptable loss level) is placed at $4,030.62, just above a recent swing high, indicating the point where the bearish bias would be invalidated.
The Target (Take Profit) is set at $3,980.22, indicating the desired level to exit the trade for a profit.
Visual Representation:
The red box highlights the area of risk (above the entry up to the stop loss).
The green box highlights the area of potential reward (below the entry down to the target).
The white arrow clearly illustrates the expected downward price movement.
