LIVE$OP UPDATE 📊💰
Price just tapped off the supply zone 65% Fib levels, the problem with our setup was that it had no lower timeframe confirmation and still has none since price on 15min is still in an uptrend. Now, first option here is to close the setup at breakeven, wait for 15min confirmation and try to enter at further retest, now in that case price may never come back to tag us and we might be missing out on this beautiful short which is based on the opinion that a break below trendline would be impulsive and it's going to give a decent R.
The 2nd option ofc is a lil bit risky which means stay in the setup, move stops to 4H close beyond $3.1170 covering the whole supply region and pray it breaks below. I'd be exercising this option for now
Not to mention $OP has quite some bullish news with a popular hedge fund buying worth $90M and so, it's anyway a risky setup and that's how I'm writing this boring explanation for you all, not taking an L this month, no chance
