
$OFC is approaching a resistance zone where sellers are likely to regain control.
Trading Plan Short $OFC
Entry: 0.0113 – 0.0114
SL: 0.0117
TP1: 0.0109
TP2: 0.0104
TP3: 0.0098
The asset has moved from 0.00881 to 0.01133 — a 28% gain. The RSI at 81 suggests the asset is entering overbought territory. The 4-hour chart is showing a bearish divergence — price making higher highs while RSI makes lower highs, which often precedes a reversal. This region has acted as a ceiling in the past, and overhead liquidity remains concentrated at these levels. If sellers defend this zone, the next downside levels to monitor are near 0.0109 and 0.0104, with deeper liquidity at 0.0098 — a potential 14% decline from entry. The stop is placed tight at 0.0117, above the recent high, offering a favorable risk-to-reward ratio.
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