🔻 $FARM /USDT – Rejection from Spike! Short Setup After Blow-Off Top 📉

Current Price: $31.26

24H High: $45.21 | 24H Low: $30.00

1H Chart | 24H Volume: 494.98K $FARM

$FARM experienced a parabolic wick up to $45, but the bulls failed to hold higher levels. The chart shows a classic blow-off top followed by lower highs and strong rejection candles — ideal conditions for a short setup.

💥 Short Trade Setup:

🔹 Entry Zone: $31.60 – $32.50

🎯 TP1: $29.80

🎯 TP2: $28.00

🛑 Stop Loss: $33.40

📉 Market Insight:

Strong rejection from local highs with huge wicks

Volume spike during top-out – potential trap for late longs

Bearish follow-through forming consecutive red candles

💡 Pro Tip: Watch for a weak bounce near $32.20 – that’s your best risk-reward short entry. Confirm with RSI rejection or a lower high.

⚠️ Avoid FOMO long entries! This is retracing fast — ideal short scalp zone.

#CEXvsDEX101 #TradingTypes101 #FTXRefunds #PCEMarketWatch #MarketPullback