Entry near 0.079 with a stop below 0.072. Target 0.087 and 0.094.
Caution on the daily timeframe.
Price is approaching the 0.087 to 0.094 supply zone.
The prior high near 0.110 left a structure of trapped buyers.
If price sweeps above 0.087 into that supply and then a bearish candle closes
back below 0.087, the reversal signal is active.
A daily close below the supply zone after a sweep is the textbook distribution pattern. Invalidation for longs. If that occurs, downside targets are 0.072 and 0.061.
Wait for the sweep and the close before committing to the short side.