$ID 🚨SHORT SETUP 🔻
📍 Entry Zone: 0.0350 – 0.0355
🎯 Targets: • 0.0328
• 0.0298
• 0.0264 (Final Target)
🛑 Stop Loss: 0.0385
Why this setup?
• Vertical pump of more than 30% in a short period of time
• Long upper wicks showing aggressive selling near highs
• Rejection from the 0.038 area resistance zone
• First bearish reaction candle already confirmed
The move looks driven by momentum and FOMO rather than a healthy trend structure. After such an aggressive rally, profit-taking often creates sharp pullbacks.
As long as price remains below 0.0385, the bearish setup stays valid.
⚠️ Don't chase candles. Let the market come to your levels and respect risk management if the setup gets invalidated.
📉 High-risk zone for late buyers. 🔻 Watching for continuation toward lower support levels.
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