🚨 $GUA SHORT 10x — Bears are defending resistance, and the setup looks ready for continuation.
I’ve opened a Short 10x Isolated position as GUA struggles to break above the 0.83008–0.85652 resistance zone.
📍 Entry Zone: 0.83007 – 0.85651
🛑 Stop Loss: 0.92261
🎯 Targets: • TP1: 0.76400 • TP2: 0.73757 • TP3: 0.68470
📊 Why I'm bearish: • The 4H market structure remains bearish despite the daily chart moving sideways. • Price continues to face pressure around the 0.83008–0.85652 supply area. • 15M RSI is sitting at 70, suggesting the move may be overheated and vulnerable to a pullback. • Trading volume is running below average (72.16K vs 123.06K expected), showing weak buying conviction and increasing the chance of seller control.
As long as resistance holds, I'm targeting a move toward the lower support levels.
I’ve opened a Short 10x Isolated position as GUA struggles to break above the 0.83008–0.85652 resistance zone.
📍 Entry Zone: 0.83007 – 0.85651
🛑 Stop Loss: 0.92261
🎯 Targets: • TP1: 0.76400 • TP2: 0.73757 • TP3: 0.68470
📊 Why I'm bearish: • The 4H market structure remains bearish despite the daily chart moving sideways. • Price continues to face pressure around the 0.83008–0.85652 supply area. • 15M RSI is sitting at 70, suggesting the move may be overheated and vulnerable to a pullback. • Trading volume is running below average (72.16K vs 123.06K expected), showing weak buying conviction and increasing the chance of seller control.
As long as resistance holds, I'm targeting a move toward the lower support levels.