Failed breakout above $1.02 with momentum shifting bearish
$FIL Short
Trade Plan
Entry $0.955 to $0.980
Stop Loss $1.025
TP1 $0.920
TP2 $0.880
TP3 $0.820
Why this setup
Price rejected near $1.02 resistance and formed consecutive 1H lower highs. Strong bearish candles breaking below $0.98 range support show sellers gaining control. If $0.98 flips into resistance continuation toward $0.92 liquidity zone becomes likely. Sustained pressure can extend move toward $0.88 and $0.82 where previous demand sits.
Reclaim and strong close above $1.025 invalidates the short bias and restores bullish structure.
Debate
Is this a deeper breakdown below $1.00 psychological level or will buyers step in for a relief bounce
Buy and Trade $FIL here👇🙂