$S: Pullback from the top. Short on momentum slowing.

The market made a sharp vertical jump to the zone $0.050, but failed to build on success. The formation of lower highs after hitting resistance is a classic sign of buyer exhaustion.

On the hourly chart, the price has lost EMA(7) and is testing EMA(25) from below. RSI(6) reversed from the overbought zone and broke the 50 level without an attempt to recover. The zone $0.045 – $0.047 coincides with the Fibonacci level 0.382 from the last wave of growth and the previous consolidation area, which is now acting as resistance.

Entry: 0.045 – 0.047

Targets:

TP1: 0.042

TP2: 0.039

TP3: 0.035

Stop-loss: 0.051

Breaking the 0.051 level will break the bearish structure and indicate a resumption of upward momentum.

The faster the breakout, the quicker the retest should follow.

What is more important for you when entering a short after vertical growth — the loss of the moving average or the formation of a lower high?