$PERP /USDT BEARISH BREAKDOWN AHEAD?
Current Price: $0.2798
24h Range: $0.2715 – $0.2932
Trend: Bearish Momentum Building on Lower Timeframes
KEY LEVELS TO WATCH:
Resistance:
$0.2930 (Major Supply Zone)
🔺 $0.2880 (Intraday Resistance)
Support:
🔻 $0.2715 (Local Support)
🔻 $0.2650 (Next Key Demand Zone)
TRADE SETUP: SHORT POSITION
Entry: $0.2800 – $0.2820 (ideal on weak bounce)
Stop Loss (SL): $0.2885 (above intraday resistance)
Take Profit (TP):
TP1: $0.2715
TP2: $0.2650
Confirmation Tip: Look for rejection candles near $0.2820 with decreasing volume or bearish engulfing pattern.
RISK MANAGEMENT:
Risk only 1-2% of your capital, maintain a minimum RR of 2:1, and avoid over-leveraging to preserve capital in volatile conditions.
Stay sharp – protect your downside, and let the trend work for you! #StrategyBTCPurchase #ETHBreaks3k #USCryptoWeek #TradingStrategyMistakes #Write2Earn $PERP