$PIEVERSE
This is a classic example: running fast, then everyone starts to be late.
In TF 1H it is clearly visible, after touching 1.76 it was immediately rejected.
Not just once, but there is selling pressure every time it rises.
Now the price still looks "strong"…
and in phases like this usually many get trapped.
A little rise → thought it would continue
but it could just be the remaining strength before falling.
Personally, I'm not interested in chasing long positions above.
I prefer to wait for the price to rise a little to look for a selling position.
The plan that I see:
Short → 1.42 – 1.50
SL → 1.66
TP → 1.28 → 1.18
If the price can break through and stay above 1.66,
that would be a different story.
But as long as there is no new strength,
the current increase seems more like a "delay before falling."
Sometimes the market intentionally looks strong…
so that the last ones in become the first to exit.
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