📌 I entered the short around 0.06074 after price pushed into a resistance zone and started losing strength. The move up formed a rising wedge structure, and once it broke down from that pattern, it showed the buyers were no longer in control ✅
📌 After the rejection, price struggled to stay above the moving averages and began trading below them, which often signals a shift toward downside pressure. Momentum was also fading, and the market started forming lower highs. Seeing the wedge breakdown, resistance reaction, and weakening structure together, I expected a move lower and decided to take the short 🚀💸
I took the short at 6.213 after noticing the price was struggling near a key resistance area and couldn’t continue the upward move. The structure started to look weak as it formed a rising wedge and then broke down from it, which usually signals a bearish move.
After that breakout, price began making lower highs and losing momentum. It also slipped below the moving averages, showing sellers were slowly taking control. RSI was also pointing down, confirming the strength was fading. Seeing the wedge breakdown, resistance rejection, and weakening momentum together, I expected the price to move lower, so I entered the short.