$ID ๐จSHORT SETUP ๐ป
๐ Entry Zone: 0.0350 โ 0.0355
๐ฏ Targets: โข 0.0328
โข 0.0298
โข 0.0264 (Final Target)
๐ Stop Loss: 0.0405
Why this setup?
โข Vertical pump of more than 30% in a short period of time
โข Long upper wicks showing aggressive selling near highs
โข Rejection from the 0.038 area resistance zone
โข 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.
โ ๏ธ Don't chase candles. Let the market come to your levels and respect risk management if the setup gets invalidated.
๐ High-risk zone for late buyers. ๐ป Watching for continuation toward lower support levels.
$XLM Short๐ป
$LAB Short ๐ป
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