$4 - Relief bounce running out of steam
Trading Plan Short $4 ( max 10x )
Entry: 0.0144 – 0.0149
SL: 0.0160
TP1: 0.0126
TP2: 0.0107
TP3: 0.0088
The bounce managed to extend higher but the move is beginning to fade around this zone. Buyers tried to keep pushing, though the follow-through is weakening and the structure is turning more choppy. Instead of continuation higher, price is starting to stall into resistance, and when momentum cools off like this it often leads to a pullback as sellers step back in.
Trade $4 here 👇