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ORDER reversing from prior resistance zone.
$ORDER Short
Trade Plan
Entry $0.05400 – $0.05520
Stop Loss $0.05920
Take Profit 1 $0.04820
Take Profit 2 $0.04380
Take Profit 3 $0.03960
- Yesterday's breakout above $0.055 completely reversed — false breakout confirmed
- Longs from the breakout now trapped — their stop losses add fuel to downside move
- Volume on reversal candle exceeds breakout volume — bears more committed than bulls
Buy and Trade $ORDER #GateSquareAprilPostingChallenge