$FORM /USDT ā BEARISH MOVE AHEAD! šØš
Current Price: $2.8795
24H High/Low: $2.9760 / $2.8528
š TECHNICAL ANALYSIS
The chart on the 4H timeframe shows signs of weakening bullish momentum and increasing sell pressure. The price has failed to hold above resistance and is now hovering just above a critical support zone.
š KEY LEVELS:
Resistance Levels:
š“ $2.9400 (Major resistance)
š“ $2.9200 (Short-term resistance)
Support Levels:
š¢ $2.8650 (Immediate support)
š¢ $2.8450 (Key breakdown level)
āļø TRADE SETUP ā SHORT ENTRY
Entry: š½ $2.8750 ā $2.8800
Target 1 (TP1): š„ $2.8450
Target 2 (TP2): š„ $2.8000
Stop Loss (SL): š $2.9200
Reason: Breakdown below key support levels, with declining volume and lower highs forming. Bears appear to be in control near resistance rejection zones.
š RISK MANAGEMENT:
š” Risk only 1-2% of your capital per trade.
š Always use SL and stick to the plan.
āļø Risk/Reward Ratio: ~1:2
š„ Stay sharp and trade safe, legends! š°š
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