š» $IDOL /USDT Trade Setup ā Breakdown Expected? (15-Min Chart)
IDOL/USDT is showing bearish momentum on the 15-minute timeframe, with lower highs, weak bounces, and increasing selling pressure. A breakdown could be imminent if key support fails.
š Trade Plan (Scalping Opportunity)
Entry Zone:Ā 0.01220 - 0.01225Ā (Break below minor support)
Stop Loss (SL):Ā 0.01255Ā (Above recent swing high & trendline resistance)
Take Profit Targets:
TP1:Ā 0.01190Ā (Previous swing low & wick support)
TP2:Ā 0.01150Ā (Stronger support & psychological level)
š Key Observations:
Lower highsĀ confirm short-term downtrend.
Bearish volume spikesĀ on pullbacks indicate selling pressure.
Price near lower Bollinger Band, suggesting downside continuation.
No bullish divergenceĀ yetāRSI remains weak.
ā ļø Risk Management:
Only enter if price rejectsĀ 0.01230Ā and breaksĀ 0.01220.
Adjust position size to keep riskĀ 1-2% per trade.
Consider partial profits atĀ TP1Ā and trail stop forĀ TP2.