๐จ $PERP /USDT โ Heavy Rejection at $0.30! Short Setup in Play! ๐ป
Current Price: $0.2483
$PERP just got slammed at the $0.30 resistance with a fierce rejection! The 1H chart shows multiple strong red candles, and momentum is clearly bearish. Price is forming lower highs with no solid support in sight until the range lows โ this setup screams downside!
๐ Short Trade Setup:
โข Entry Zone: $0.250 โ $0.256
โข Target 1 (TP1): $0.238
โข Target 2 (TP2): $0.228 โ
โข Stop Loss (SL): $0.263
โก Technical View:
Bearish structure confirmed after rejection at key resistance. Volume declining with every push up โ sellers in control.
๐ก Risk Note:
SL sits above recent lower high. If price flips above $0.263, momentum shift likely โ cut early if invalidated.
๐ Strategy Breakdown:
This trade targets the breakdown after a failed rally. Lower highs, fading volume, and rejection wicks all signal a continuation to the downside into previous demand zones.
๐ข Follow @bullishbanteer for more real-time setups and sharp market reads! ๐๐ฅ
