$COOKIE /USDT SHORT TRADE SIGNAL – BEARISH STRUCTURE AFTER FAILED BREAKOUT!
$COOKIE faced heavy rejection near the $0.2670 mark after a strong bullish move in recent weeks. The current price at $0.2363 shows a clear breakdown below the short-term support, and momentum is weakening on lower timeframes. Price action indicates a descending structure forming with consistent lower highs, making COOKIE vulnerable to more downside if $0.2300 fails to hold.
Trade Setup (SHORT):
Entry Price: $0.2380 – $0.2430
Target 1: $0.2260
Target 2: $0.2150
Stop Loss: $0.2480
Why Short?
After peaking at $0.2672, COOKIE has lost bullish momentum and failed to sustain support levels. Repeated rejections and increasing sell pressure on 15m and 1h charts suggest a possible retest of lower demand zones. A break below $0.2300 could open the door for deeper retracement. Watch for a weak bounce — ideal entry zone for bears.
Risk Management Tip:
Always wait for confirmation of trend continuation. Place your stop above recent lower high and adjust with price action if in profit.
Sell smart — don’t chase green candles when the trend is turning red!