$JST
closely, and it looks like it’s facing serious rejection at resistance. Price couldn’t break through, and the structure is bearish on the lower timeframes. I’m seeing lower highs and weak bounces, which suggest sellers are in control. As long as $JST stays below resistance, more downside is likely.
Trade Setup – Short
Entry Zone: 0.03855 – 0.03860
Targets:
TP1: 0.03840
TP2: 0.03820
TP3: 0.03800
Stop-Loss: 0.03880
I’m taking this setup because the price is struggling to break resistance, showing clear signs of weakness. Sellers are dominating, and the lower timeframe structure supports a downward move. The stop-loss is placed above resistance to protect against a breakout.
This trade works because the market is respecting resistance and momentum is shifting to the downside. I’ll be watching $JST closely; as long as it remains below resistance, the bearish continuation is valid.
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