$TST USDT - BEARISH DOWNTREND CONTINUES! 📉
Here's a quick technical analysis of the $TSTUSDT chart:
Key Levels:
* Current Price: 0.04560 🔴
* Immediate Resistance: 0.04580 - 0.04600 (The green box directly above the current price, acting as a crucial overhead barrier).
* Stronger Resistance: 0.04650 - 0.04700 (Previous swing highs and potential areas for sellers to step in).
* Immediate Support: 0.04526 (The red line, indicating the current stop-loss level and a short-term support).
* Potential Support: 0.04500 (A psychological level and potential next target for downside movement).
Trade Setup:
Given the clear downtrend visible on the chart and the recent bearish price action, we are looking at a SHORT entry.
* Entry: Consider entering around 0.04558 - 0.04565 (around the current price, aiming for continuation of the bearish move).
* Target 1 (TP1): 0.04530 🎯
* Target 2 (TP2): 0.04500 ⬇️
* Stop Loss (SL): 0.04610 🛑 (Just above the immediate resistance zone).
Risk Management:
Always adhere to strict risk management! Set your stop-loss order before entering any trade and never risk more than a small, predefined percentage (e.g., 1-2%) of your trading capital on a single trade. This is vital for capital preservation and long-term success. 🛡️💰
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