For the 4-hour time frame, we can clearly see a bearish rising wedge pattern and it has started to break downwards.
This indicates a strong signal of a deeper decline after several of its retests are completed.
And for a safe order strategy, we look at the 1-hour time frame, where there is a supply area that has not been touched and can be used as a limit order area with a stop loss at 0.06485.
$USUAL {future}(USUALUSDT) Short For the target as per the image
After failing 3 times to break the resistance, reinforced by the presence of a bearish engulfing candle. It is ensured that it will retest the support and possibly break deeper.
After failing 3 times to break the resistance, reinforced by the presence of a bearish engulfing candle. It is ensured that it will retest the support and possibly break deeper.
$IRYS {future}(IRYSUSDT) The graphic shape is very beautiful. This token has just formed a market structure change from uptrend to downtrend.
It can be seen that there is already a double top and a new lower low.
The estimate for the next movement, there is a high possibility to retest support at 0.045 or even 0.0436 after failing to break that resistance 3 times.
This is the right time to make a short order with a stop loss at the last swing high.
(But be careful, as the supply zone above has not been touched)
$IRYS The graphic shape is very beautiful. This token has just formed a market structure change from uptrend to downtrend.
It can be seen that there is already a double top and a new lower low.
The estimate for the next movement, there is a high possibility to retest support at 0.045 or even 0.0436 after failing to break that resistance 3 times.
This is the right time to make a short order with a stop loss at the last swing high.
(But be careful, as the supply zone above has not been touched)
preparation for a short on this China token. I can't tag this token 😂
First, let's look at the reaction in the bearish FVG area at the price of 0.0269 - 0.0274. If there is rejection in that area, then it could be an ideal area for a short order with SL 0.0288.