Bearish Breakdown Ahead | Key Resistance Rejection Confirmed

25 set

Hello Traders 👋,
On the chart we can clearly see price has rejected the 2nd major resistance zone after a short corrective rally. Multiple rejections at top resistance alongside the trendline break and change of character (CHOCH) are showing strong bearish momentum.

The market structure highlights:

Price is failing to sustain above resistance levels.

Break of structure (BOS) confirms sellers are in control.

Volume is supporting the downward move, giving further confidence in bearish continuation.


As long as price remains below the marked resistance, further downside can be expected.

📊 Recommendations:
Look for sell opportunities below resistance.
Safer entries near retests of broken support turned resistance.
Manage risk with a tight stop-loss above the key resistance.
Partial profit-taking at first support zones recommended.

25 set

Trade attivo

Active Trade Note:
Currently trade is active and moving in favor of sellers. Waiting for continuation confirmation towards lower support levels. Always manage risk and follow your own strategy — this is not financial advice.

25 set

Nota

🎯 Entry & Targets (Bearish Setup):

Entry: 0.66117

Stop-Loss (SL): 0.66117

Take Profits (TP):

TP1: 0.65650

TP2: 0.65200

TP3: 0.64800
⚠️ Note: This is a technical view based on chart structure and bearish rejection. Always use proper risk management and trade according to your own plan — not financial advice.

26 set

Trade chiuso: obiettivo raggiunto

Active Trade Note:
First target has been successfully achieved ✅.
Trade is still active and moving toward the 2nd target. Risk management is important, so keep stops adjusted accordingly. As always, this is not financial advice — do your own analysis before taking any positions.