HUSDT Short Setup 📉
Just jumped into a short position on $HUSDT. The setup looks promising, let's see how this one unfolds! 🧐
My Trade Plan: 📊
Entry: ~0.08100 🟢
Take Profit (TP): Targeting the support zone around ~0.07800 🎯
Stop Loss (SL): Set just above the recent highs at ~0.08160 🔴
$hu
Reasons for the Trade: 🤔
1.Resistance Rejection: The price showed a strong rejection from the upper resistance area (the red box in the chart). This suggests sellers are stepping in
2.Bearish Momentum: The price has crossed below the key short-term moving averages, which often indicates a potential shift to a downtrend.
3.Good Risk/Reward: The distance to my take-profit target is greater than the distance to my stop-loss, presenting a favorable risk-to-reward ratio. Managing risk is everything! 💰
Disclaimer: This is my personal trade journal, not financial advice. Always do your own research (DYOR) before making any trading decisions!
What are your thoughts on the market? 👇