🧐 Short $HFT /USDT Strategy (4H) and Why?
$HFT Entry Point: 0.0320 USD - 0.0330 USD and a bearish reversal candlestick pattern (e.g., Bearish Pin Bar, Shooting Star, or Bearish Engulfing) appears on the 4H timeframe
SL: 0.0335
TP1: 0.0304
TP2: 0.0280
TP3: 0.0250
🧐 Trend: The main trend is Downtrend. Price has created lower highs and lower lows since the local peak of 0.0413 USD (late November).
EMA 18 (blue) is below EMA 70 (red). Both EMA lines are sloping downwards and acting as dynamic resistance lines.
$HFT Price Action: The price has just formed a new local bottom at $0.0304 and is showing a slight pullback
MACD: The MACD is below zero and both MACD/Signal lines are crossing downwards, confirming that the downward momentum continues
🎯 Price Action Pattern and Trading Strategy
The current pattern is a Downtrend Continuation. In a downtrend market, the highest-winning strategy is to short at resistance levels
📉 This strategy focuses on short selling when the price retraces to retest the resistance zone, following the rule: "Sell the Rally"
⚠️ The shorting scenario is only invalidated when the 4H candle closes decisively above both EMA lines (beyond $0.0335) #BinanceFutures
