$TST /USDT Short Trade Setup (Binance)
$TST has shown a minor intraday uptick to $0.04646 (+2.20%) after hitting a 24h high of $0.04697. However, momentum appears to be weakening around the upper resistance range, suggesting a potential reversal setup. Below is a complete short trade idea with detailed risk-reward levels:
Entry (Short):
$0.04640 – around current price level, as price stalls near resistance zone
Stop Loss:
$0.04720 – just above the 24h high to avoid false breakouts
Take Profit Targets:
• TP1: $0.04520 – minor support zone from recent pullbacks
• TP2: $0.04420 – aligned with the 24h low and potential support flip
• TP3: $0.04250 – deeper retracement zone, potential move if meme token hype fades
Analysis:
The current chart structure on the 1H and 4H frames shows rejection near $0.04700–0.04720 with fading buying volume and early bearish divergence. If the price breaks below $0.04580, bearish momentum could accelerate. The overall sentiment in meme coins appears mixed, and without strong news catalysts, TST may retrace back to lower liquidity zones. This setup allows a solid 1:2.5+ risk-reward ratio if extended targets hit.
Risk Note:
Avoid entering if price closes above $0.04720 on the 1H chart or breaks above $0.04800 with strong volume.
Summary:
Short TST/USDT from $0.04640
• SL: $0.04720
• TP1: $0.04520
• TP2: $0.04420
• TP3: $0.04250
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