$BR Empty him
1.420 Enter the market with 20000u, winning means getting rich quickly, losing means survival, be sure to set stop losses to stay alive and earn!
The market signals are very clear: after the rebound pushes higher, it is obviously stuck in this area. Buyers want to pull up, but the follow-through is too weak, the structure starts to get messy, and volatility increases. This combination of 'not able to rise, selling pressure mounting' is a typical failed bullish trap—once the bulls exhaust themselves, the reverse is a release of selling pressure.
The stop loss is clear: 0.16, if it goes past here, it indicates the structure hasn't broken, accept the loss and exit. The initial target is 0.130, then further down to 0.118, with strong support at 0.105. The downwards space from the current position is already quite clear, and the risk-reward ratio is attractive enough.
No need to hesitate, the market is already providing answers. The rebound is for shorting, not for chasing. For this trade, hold steady.
