Trading Plan Short $O
$O just swept the 0.5373 resistance, failing to break above the 1h BB upper.
Entry: $0.5360-$0.5480
Stoploss: $0.5750
Targets: $0.5080 / $0.4650 / $0.4000
O pushed into 0.5373 only to be rejected, a classic deviation above the prior 1h high. Smart money likely distributed into retail chasing the wick. Funding is rising while OI bleeds 7.35% in 24h, suggesting longs are getting trapped. Taker sell volume dominates, adding to the bearish case. Reclaim 0.5750, short voided.
Trade $O here 👇
#FutureTradingSignals
$O just swept the 0.5373 resistance, failing to break above the 1h BB upper.
Entry: $0.5360-$0.5480
Stoploss: $0.5750
Targets: $0.5080 / $0.4650 / $0.4000
O pushed into 0.5373 only to be rejected, a classic deviation above the prior 1h high. Smart money likely distributed into retail chasing the wick. Funding is rising while OI bleeds 7.35% in 24h, suggesting longs are getting trapped. Taker sell volume dominates, adding to the bearish case. Reclaim 0.5750, short voided.
Trade $O here 👇
#FutureTradingSignals