Current Price: ~$2.9783
Key Levels:
Entry Point: Around 3.0276
Stop Loss Zone: Between 3.0329 – 3.0639
Target (Take Profit): 2.7271
🔍 Technical Analysis
Trend Channel: Price moved within a rising channel marked by two "TRADE LINE" annotations.
Breakdown Expectation: The arrow indicates an expected drop from 3.0276 down to 2.7271.
Risk/Reward:
Risk (SL from Entry): ~0.0363
Reward (TP from Entry): ~0.3005
R:R Ratio: Approximately 1:8, a high-reward setup
📉 Strategy Summary
Bearish Rejection at resistance near 3.0276
Short Entry Zone: Around 3.0276 (shown with orange dot)
Stop Loss above recent highs and resistance zone
Take Profit at support zone around 2.7271
Expecting: A break of the lower trendline and a drop toward the target
✅ Conclusion
This setup is a high-risk, high-reward short trade, assuming resistance holds and momentum turns bearish. Watch for:
A confirmed breakdown below the channel
Volume spike or bearish candle near entry
Avoid entry if price closes above 3.0639 (invalidates setup)
Key Levels:
Entry Point: Around 3.0276
Stop Loss Zone: Between 3.0329 – 3.0639
Target (Take Profit): 2.7271
🔍 Technical Analysis
Trend Channel: Price moved within a rising channel marked by two "TRADE LINE" annotations.
Breakdown Expectation: The arrow indicates an expected drop from 3.0276 down to 2.7271.
Risk/Reward:
Risk (SL from Entry): ~0.0363
Reward (TP from Entry): ~0.3005
R:R Ratio: Approximately 1:8, a high-reward setup
📉 Strategy Summary
Bearish Rejection at resistance near 3.0276
Short Entry Zone: Around 3.0276 (shown with orange dot)
Stop Loss above recent highs and resistance zone
Take Profit at support zone around 2.7271
Expecting: A break of the lower trendline and a drop toward the target
✅ Conclusion
This setup is a high-risk, high-reward short trade, assuming resistance holds and momentum turns bearish. Watch for:
A confirmed breakdown below the channel
Volume spike or bearish candle near entry
Avoid entry if price closes above 3.0639 (invalidates setup)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.