📉 RECALL Short Setup in Focus 🔻
Trading Plan:
Bias: Short
Entry: 0.1150 - 0.1190
SL: 0.1230
TP1–TP3: 0.1060 / 0.1000 / 0.0840
Technical Analysis:
The asset exhibits a clear bearish structure on the 4-hour timeframe, consistently trading below the 99 EMA which acts as dynamic resistance. Following a recent price surge that was quickly rejected, the price has entered a consolidation phase with diminishing volume, suggesting a loss of bullish momentum. The setup anticipates a failure to reclaim higher levels, specifically a rejection from the resistance zone near the 99 EMA (around 0.1184). Confirmation would be a bearish price action within the entry range, signaling a continuation of the prevailing downtrend toward previous support levels.
Invalidation:
Only a sustained break and close above the 0.1230 resistance level would invalidate this short-term bearish thesis.
