Brothers, #ZEREBRO Short
Trading Plan
Entry Position: Around 0.0745
Stop Loss Position: 0.0785
Target Position: 0.066
From the hourly level, the price trend of Zerebro has formed a double top pattern, which is a typical reversal signal.
The MACD indicator is about to form a death cross, further confirming the strengthening of bearish momentum. The bulls are clearly shrinking, indicating insufficient buying support, which provides us with more favorable conditions for shorting.
