$COOKIE /USDT Short Signal: Double Top Formation Triggers Bearish Setup.🎁🔎
COOKIE displays textbook reversal pattern with double top structure and bearish engulfing confirmation creating high probability short opportunity at current resistance rejection zone.
Technical Pattern Analysis:📈
1️⃣ Current Price: $0.1843 Pattern: Double top formation with rejection at $0.1920 .
2️⃣ Confirmation: Bearish engulfing candle on 1H timeframe.
3️⃣ Structure: Failed breakout creates selling pressure.
Strategic Short Parameters:🔎
Entry Zone: $0.1840-$0.1860 (rejection confirmation area)
• TP1: $0.1800 (-2.3% from entry midpoint)
• TP2: $0.1760 (-4.5% from entry midpoint)
• TP3: $0.1725 (-6.4% from entry midpoint)
Stop Loss: $0.1925 (+3.4% risk) Risk-Reward: 1:1.9 at full target.
Execution Strategy:💰
Wait for weak bounce or clear rejection near $0.1860 before entry execution. This pattern requires patience for optimal entry timing rather than aggressive positioning.
Key Support Levels:🔑
Primary support confluence at $0.1800 and secondary at $0.1720 creates clear target structure for profit-taking strategy.
Execute with discipline—failed breakouts often create the strongest reversal opportunities.$COOKIE
$COOKIE 👈 Buy and trade now 💰
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