๐ $H | SHORT SETUP
๐ฏ Trading Plan:
Entry: 0.29750 0.29870
TP1: 0.29260 (+2.03%)
TP2: 0.28740 (+3.78%)
TP3: 0.27990 (+6.09%)
Stop Loss: 0.30620 (-2.51%)
๐ Technical Analysis:
On the 15M chart, $H is showing a Bollinger Band squeeze after a brief pump, with Stochastic approaching overbought territory. The MACD histogram is narrowing and showing signs of turning red, indicating a clear weakening momentum.
The 4H frame reveals price is testing previous resistance, coupled with a dense volume profile around 0.298, indicating strong selling pressure. A hidden bearish divergence between price and OBV is also forming.
The 0.618 Fibonacci retracement from the recent low aligns with the TP2 area, creating a sensible target for sellers to maintain control of the trend.
Open your $H position right on the chart below ๐
๐ฏ Trading Plan:
Entry: 0.29750 0.29870
TP1: 0.29260 (+2.03%)
TP2: 0.28740 (+3.78%)
TP3: 0.27990 (+6.09%)
Stop Loss: 0.30620 (-2.51%)
๐ Technical Analysis:
On the 15M chart, $H is showing a Bollinger Band squeeze after a brief pump, with Stochastic approaching overbought territory. The MACD histogram is narrowing and showing signs of turning red, indicating a clear weakening momentum.
The 4H frame reveals price is testing previous resistance, coupled with a dense volume profile around 0.298, indicating strong selling pressure. A hidden bearish divergence between price and OBV is also forming.
The 0.618 Fibonacci retracement from the recent low aligns with the TP2 area, creating a sensible target for sellers to maintain control of the trend.
Open your $H position right on the chart below ๐