$NFP SHORT SETUP AT OLD TOP RESISTANCE ZONE 🔥
The downtrend channel on $NFP remains intact. This relief rally is testing a known supply zone where sellers have previously stepped in. Volume is declining on the bounce, suggesting institutional distribution rather than genuine accumulation.
The 4H chart shows a bearish order block at this level, and the 1H RSI is already overbought. A rejection here could trigger a fast liquidity sweep to the downside. Are you watching this resistance for a short entry?
Not financial advice. Always manage your risk.
#NFP #ShortSetup #ResistanceRejection #Crypto
🔥
The downtrend channel on $NFP remains intact. This relief rally is testing a known supply zone where sellers have previously stepped in. Volume is declining on the bounce, suggesting institutional distribution rather than genuine accumulation.
The 4H chart shows a bearish order block at this level, and the 1H RSI is already overbought. A rejection here could trigger a fast liquidity sweep to the downside. Are you watching this resistance for a short entry?
Not financial advice. Always manage your risk.
#NFP #ShortSetup #ResistanceRejection #Crypto
🔥