$MMT — 15m impulse to 0.1792 followed by sharp rejection and tight consolidation above 0.145 support.
Trade Direction:
Short (bearish pullback)
Entry:
0.152 – 0.158
Stop Loss:
0.166
TP1:
0.145
TP2:
0.138
TP3:
0.132
Explanation
Price swept liquidity into 0.1792 and was immediately rejected, leaving a large upper wick and aggressive sell response. Since then, structure has shifted into lower highs with 0.155–0.160 acting as intraday supply. Buyers are defending 0.145, but momentum is fading and volume has compressed after the spike. A rejection inside the entry zone favors continuation toward the base of the impulse. Reclaiming and holding above 0.166 invalidates the short bias.
Final execution note.
I scale into strength inside the entry range and reduce risk once price trades through TP1.
MMT
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