Mike On The Move(@MikeMike)'s insights

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--Bearish

$SIGN  — Short update
The $SIGN short has moved nicely from the entry and the position is already sitting in profit.
If you’re still holding the trade, you can consider taking early profits here or move your stop-loss into profit to secure the position while allowing the downside move to continue if momentum expands.

Mike On The Move

Bearish

$SIGN – Bounce pushing higher but momentum starting to stall near this area

Trading Plan Short $SIGN
Entry: 0.041 – 0.043
SL: 0.046
TP: 0.038
TP: 0.035
TP: 0.032

The bounce managed to extend a bit higher but the advance is beginning to slow down around this zone. Buyers tried to keep the rally going, though the follow-through now looks weaker and the structure is turning more choppy. Instead of a clean continuation higher, price is starting to grind up into resistance. Sellers appear to be gradually stepping back into the market, and when the upside begins to stall like this it often leads to a pullback once buying pressure fades.

Trade $SIGN here 👇

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