🔍 Chart Context Analysis
Trend: Clearly bearish structure with persistent lower highs and lower lows.
Price Location: Trading below the EMA cloud and under both descending trendlines — shows bearish control.
Stochastic RSI (8H): In overbought region and beginning to roll over — early signal of bearish momentum building.
MACD/Stochastic Momentum Below: Shows recent bullish recovery but now stalling near the midline, potentially turning.
Volume: Volume is weak and not supporting a strong bullish reversal.
Liquidity Pools Below: Thick demand zones between $0.105 – $0.100 and $0.085 – $0.080 visible.
🟠 Most Probable Setup: Bearish Rejection from EMA Cloud
This is a short trade setup rejecting from the EMA resistance zone and trendline.
🔹 Sniper Entry:
Entry Zone: $0.1160 – $0.1170 (current price range)
Ideally enter near $0.1170 if price sweeps it on a wick and rejects
Stop loss should sit above the recent swing high and trendline confluence
🔹 Stop Loss (SL):
$0.1205
Just above EMA cloud and previous bearish breaker
Invalidates the setup if price sustains above this level
🔹 Take Profit Targets:
TP1 Range: $0.1105 – $0.1080 → (first support + minor liquidity zone)
TP2: $0.1050 → (major demand/4D support low)
TP3 (optional): $0.1000 → (if momentum continues and stochastic breaks down hard)
⏱️ Estimated Timeframe for TP Hits:
TP1: 6–12 hours
TP2: 18–24 hours
TP3: 1.5–2.5 days (if broader bearish move unfolds)
✅ Key Reasons for Bearish Bias
EMA cloud acting as dynamic resistance.
Stochastic RSI overbought and potentially crossing down.
Price under HTF trendlines and structure.
No strong bullish volume spike — indicating weak bull follow-through.
Multiple liquidity pools still uncollected below ($0.105 – $0.100).
🚫 When to Invalidate the Short:
Price closes above $0.1205 on 8H candle.
Bullish volume spike with engulfing candle.
Bullish breakout through both descending trendlines.
Trend: Clearly bearish structure with persistent lower highs and lower lows.
Price Location: Trading below the EMA cloud and under both descending trendlines — shows bearish control.
Stochastic RSI (8H): In overbought region and beginning to roll over — early signal of bearish momentum building.
MACD/Stochastic Momentum Below: Shows recent bullish recovery but now stalling near the midline, potentially turning.
Volume: Volume is weak and not supporting a strong bullish reversal.
Liquidity Pools Below: Thick demand zones between $0.105 – $0.100 and $0.085 – $0.080 visible.
🟠 Most Probable Setup: Bearish Rejection from EMA Cloud
This is a short trade setup rejecting from the EMA resistance zone and trendline.
🔹 Sniper Entry:
Entry Zone: $0.1160 – $0.1170 (current price range)
Ideally enter near $0.1170 if price sweeps it on a wick and rejects
Stop loss should sit above the recent swing high and trendline confluence
🔹 Stop Loss (SL):
$0.1205
Just above EMA cloud and previous bearish breaker
Invalidates the setup if price sustains above this level
🔹 Take Profit Targets:
TP1 Range: $0.1105 – $0.1080 → (first support + minor liquidity zone)
TP2: $0.1050 → (major demand/4D support low)
TP3 (optional): $0.1000 → (if momentum continues and stochastic breaks down hard)
⏱️ Estimated Timeframe for TP Hits:
TP1: 6–12 hours
TP2: 18–24 hours
TP3: 1.5–2.5 days (if broader bearish move unfolds)
✅ Key Reasons for Bearish Bias
EMA cloud acting as dynamic resistance.
Stochastic RSI overbought and potentially crossing down.
Price under HTF trendlines and structure.
No strong bullish volume spike — indicating weak bull follow-through.
Multiple liquidity pools still uncollected below ($0.105 – $0.100).
🚫 When to Invalidate the Short:
Price closes above $0.1205 on 8H candle.
Bullish volume spike with engulfing candle.
Bullish breakout through both descending trendlines.
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.
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.