$PERP /USDT short trade signal 🚦🛑
BEARISH REVERSAL BREWING — RALLY LOSES MOMENTUM FAST!
$PERP/USDT surged up to 0.2910 but has since pulled back sharply, now resting at 0.2707. The hourly RSI is at 23.19 — signaling potential exhaustion but no bullish confirmation yet. The structure shows a classic lower high formation, and current candles are slipping toward the 0.2620 zone. Buyers are weakening as each bounce fades quicker than before.
Trade Setup (Short):
Entry: 0.2720 – 0.2745
Take-Profit Targets: 0.2620 / 0.2560
Stop-Loss: 0.2790
Market Outlook:
While $PERP recently experienced a strong push, the current pullback reflects seller dominance on lower timeframes. If price breaks 0.262 cleanly, further downside may open up. Watch for a breakdown or sharp bounce from that key level.
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