📉 $GENIUS | SHORT SETUP
🎯 Trading Plan:
Entry: 0.4508 0.4523
TP1: 0.4425 (+1.85%)
TP2: 0.4344 (+3.80%)
TP3: 0.4244 (+6.10%)
Stop Loss: 0.4629 (-2.50%)
📊 Technical Analysis:
On the 4H chart, the price is moving within a descending channel with lower highs, and the volume profile indicates thin liquidity around 0.45, making the price susceptible to a rapid decline when it hits the supply zone. The MACD histogram is narrowing and about to cross below the signal line, clearly confirming weakening momentum.
On the 1H chart, the RSI is hovering around 51 and a hidden bearish divergence is forming compared to the recent highs, while the upper Bollinger Band has been rejected twice in a row, indicating that selling pressure is prevailing. Volume has slightly increased as the price touched the upper band but not enough to break out, suggesting a strong pullback potential towards the lower demand zone.
🎯 Trading Plan:
Entry: 0.4508 0.4523
TP1: 0.4425 (+1.85%)
TP2: 0.4344 (+3.80%)
TP3: 0.4244 (+6.10%)
Stop Loss: 0.4629 (-2.50%)
📊 Technical Analysis:
On the 4H chart, the price is moving within a descending channel with lower highs, and the volume profile indicates thin liquidity around 0.45, making the price susceptible to a rapid decline when it hits the supply zone. The MACD histogram is narrowing and about to cross below the signal line, clearly confirming weakening momentum.
On the 1H chart, the RSI is hovering around 51 and a hidden bearish divergence is forming compared to the recent highs, while the upper Bollinger Band has been rejected twice in a row, indicating that selling pressure is prevailing. Volume has slightly increased as the price touched the upper band but not enough to break out, suggesting a strong pullback potential towards the lower demand zone.