$SIGN /USDT: Short-Term Bearish Strategy 📉
Analysis: Price action suggests a potential short-term bearish move. Key observations: proximity to resistance ⬆️ (circa $0.10) and potential bearish MA crossover (MA(5) ⬇️ MA(10)).
Entry Signals:
* Resistance Rejection 🚫: Initiate short on clear rejection at resistance zone, confirmed by bearish candlesticks.
* MA Crossover 〰️: Short entry on 5-period MA crossing below 10-period MA.
* Support Breakdown ⬇️: Entry on confirmed break below immediate support (approx. $0.097).
Risk Management:
* Stop-Loss 🛑: Place protective stop above resistance (e.g., >$0.103).
Profit Targets:
* TP1 ✅: Target previous swing low around $0.087.
* TP2 🎯: Extend targets to subsequent support near $0.078 if bearish momentum continues.
Time Horizon: Intraday to short-term (hours to a couple of days ⏳).
Considerations:
* Monitor volume 📊 for bearish signal confirmation.
* Be aware of broader market sentiment 🌍.
* Use strict risk management 🛡️.
* Await definitive entry signals 👀.
Disclaimer: Not financial advice. Crypto trading is risky; you could lose your investment ⚠️. Do your own research! 🧐