šØš„ $ME MOMENTUM EXHAUSTION ā BEARISH PULLBACK IN PLAY š„šØ
š Bearish Info:
After a strong impulsive rally, price is showing rejection from local highs with sellers stepping in as momentum cools down.
š“ SHORT SETUP ā $ME
š ENTRY ZONE: 0.1915 ā 0.1950
š STOP LOSS: 0.2015
šÆ TAKE PROFIT 1: 0.1840
šÆ TAKE PROFIT 2: 0.1765
šÆ TAKE PROFIT 3: 0.1680
š Why take this trade?
Price has been rejected from the recent high with a clear bearish candle on the 15m timeframe, EMA 7 has turned down and crossed below short-term structure, momentum is cooling after an extended vertical move, profit-taking pressure is increasing near resistance, and a corrective pullback toward lower liquidity zones is favored while price remains below the rejection area.
š Click below and SHORT now ššš
