🔍 Trade Summary Recap – $IQ /USDT Short

Timeframe: 30-Min

Entry Zone: $0.00397 – $0.00402

Stop Loss: $0.00408 (tight and logical above the recent rejection wick)

Take Profits:

TP1: $0.00390

TP2: $0.00385

TP3: $0.00378

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📊 Technical Justification

Rejection at $0.00405: Signals exhaustion after a sharp pump

Red Candles + Decreasing Volume: Classic bearish divergence

Momentum Cooling Off: Often seen before minor corrections or retracements

Zone Retest + Red Candle = Entry Trigger: Solid scalp strategy

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🧠 Smart Notes

Volume confirmation is key — don’t front-run unless momentum shifts clearly

Use trailing stop after TP1 hits to ride extended drops

Invalidation is clean and nearby (above $0.00408), so risk is minimal

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✅ Risk Management Tip

Keep position size small due to the tight stop — leverage only if you understand liquidation levels well. Small move = big reward in scalps.

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