$FORM Exhaustion After Parabolic Pump (Short Setup) ♦️
The current price action for indicates a +35% expansion achieved in a short period. This rapid ascent is now showing signs of exhaustion.
I am initiating a short position due to rejection from the current highs and a noticeable loss of bullish momentum. The trade becomes invalid if the price reclaims these highs.
Trade Setup: Short
Entry Zone: 0.425 – 0.435
Target 1: 0.405
Target 2: 0.385
Target 3: 0.360
Stop-Loss: 0.458
This is a momentum fade strategy. It relies on trading the levels and managing risk effectively.
