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Short signal on ARIA – 4h timeframe.
This chart shows a (sharp rejection) after a strong rally. Price at 0.816 has just dropped from a high of 1.13, forming a clear lower high. It’s now trading below the MA5 (0.851) and MA10 (0.869). The big red candle and the MACD starting to roll over confirm bearish momentum.
Entry zone: 0.815 – 0.835 (sell here on any small bounce)
Stop loss: 0.92 (above the recent swing high and the yellow MA line — if it breaks this, trend may flip)
Take profits:
TP1: 0.75
today’s low area, about 8% move
TP2: 0.65
next major support and round number
TP3: 0.59
deeper Fib retracement level from the recent peak
$ARIA #GateSquareAprilPostingChallenge