$PERP /USDT – BEARISH PULLBACK LIKELY

PERP/USDT surged +6.32%, hitting a 24h high of $0.3000, but failed to sustain above key resistance and is now pulling back. This signals a possible short-term bearish retracement

CURRENT PRICE: $0.2455

KEY LEVELS

Resistance Zones:

$0.2600 – Immediate resistance

$0.2750 – Strong rejection zone

$0.3000 – Major breakout level (tested but rejected)

Support Zones:

$0.2440 – Current support

$0.2295 – Daily low / major demand zone

$0.2200 – Breakdown level

TRADE SETUP – SHORT POSITION

Entry: $0.2470 - $0.2520 (On weak bounce or bearish rejection)

Targets (TP):

TP1: $0.2295

TP2: $0.2200

TP3: $0.2050 (if extended drop occurs)

Stop Loss (SL): $0.2610 (Above resistance)

RISK MANAGEMENT

Risk only 1-2% per trade. Stick to tight SL and secure profits at key zones. Let trend guide entries – don't chase pumps!

SUMMARY: PERP faces selling pressure after rejection from $0.3000. A bounce toward $0.2520-$0.2600 could offer a clean short opportunity. Watch for weakness and respect SL!

#PERPUSDT #CryptoTrading #ShortSetup #TechnicalAnalysis #BearishAlert #Write2Earn $PERP