$EPIC - SHORT Setup
Entry: 0.7200 – 0.7400 (On a rejection after retesting the breakdown level/resistance zone)
Target 1:0.6800
Target 2:0.6500
Stop Loss:0.7550 (Above the key swing high)
My View:
EPIC is showing clear bearish momentum after being rejected from the$0.7962 high. The price has broken below immediate support and is now in a weak consolidation bounce. This bounce is approaching a major resistance zone between $0.7200 and $0.7400, which aligns with previous support levels and the recent breakdown point. The chart shows a potential lower high forming. The order book indicates more selling pressure than buying above the current price. The high-probability strategy is to short into this relief rally, anticipating a continuation of the downtrend and a move towards the next support level. Wait for a clear rejection candle for confirmation.
Bias: Bearish below $0.7400. A break and hold above $0.7550 would challenge the bearish view.
Disclaimer:My plan. Not advice. Trade your own risk.
