๐ Current market structure favors a short (sell) setup, as price continues to trade below EMA(7), EMA(25), and EMA(99), indicating a clear short-term downtrend. No confirmed reversal signal yet.
๐ป Trade Setup: Short (Breakdown Continuation)
Entry:
Below 324.5 โ 325 (wait for a confirmed breakdown and failed retest)
Stop Loss:
329.0 (above EMA7 for safety)
Take Profit Targets:
๐ฏ TP1: 320
๐ฏ TP2: 312
๐ฏ TP3: 305
๐ Why this trade?
Price is trading below all key EMAs โ bearish structure
Strong pullback from recent high (~377) โ ongoing correction
Weak volume โ low probability of sustained bounce
RSI near oversold, but no confirmed reversal yet
โ ๏ธ Invalidation:
If price sustains above 329 โ 332, this short setup becomes invalid and market may shift into a bounce phase.
๐ก Pro Tip:
Avoid early entries โ wait for breakdown + retest confirmation. Keep risk limited to 1โ2% per trade, as lower timeframes are highly volatile.
๐ Conclusion:
Trade with the trend. As of now, short positions offer higher probability until bullish confirmation appears.
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