$QUICK is showing clear weakness after a fake breakout and sharp rejection from the highs...
Entry Range: 0.00940 – 0.00955
Stop Loss: 0.00995
Targets:
TP1: 0.00900
TP2: 0.00870
TP3: 0.00830
After a strong push to the upside, price failed to hold above the 0.010 zone and got rejected hard. That rejection created a lower high structure, followed by strong bearish momentum candles. Now we are seeing continuation pressure with sellers stepping in aggressively.
This is not a market to chase longs. The structure clearly shifted bearish on lower timeframes. Any weak bounce into the entry zone can be used as a short opportunity, as price is likely to continue filling inefficiencies below.
Momentum is in favor of bears, and unless buyers reclaim the previous breakdown zone, downside continuation remains the higher probability.
Invalidation: If price reclaims and holds above 0.00995, this setup becomes invalid and structure may shift again.