$FORM /USDT – Local Top Reversal in Play! Bearish Pullback Incoming.
🔍 Current Price: $2.4584 (+3.51%)
After reaching the 24H high of $2.65, price has started showing signs of exhaustion, and we're witnessing lower highs. A bearish pullback might just be underway.
🎯 Key Levels to Watch:
🚧 Resistance: $2.58 – $2.65
🚧 Support: $2.40 – $2.37
💡 Short Setup Alert:
🔻 Ideal Entry Zone: $2.46 – $2.48
🎯 Target 1 (TP1): $2.40
🎯 Target 2 (TP2): $2.375
🎯 Target 3 (TP3): $2.32
🛑 Stop-Loss: Place just above $2.52
⚡ Market Insight:
The recent surge has shown signs of losing steam. Bearish pressure is taking over as the bulls struggle to regain momentum. With the lower highs forming, the likelihood of a pullback increases. This is the perfect moment to consider a short trade.
💡 Pro Tip:
Patience is key—don’t jump in too early. Wait for the pullback to play out, and once TP1 hits, consider trailing your stop-loss to secure your profits. Keep your risk management tight to ride the dip safely.
Stay disciplined, stay sharp—this dip could be a great opportunity if played smartly. Manage your risk and lock those profits!