Short Trading Signal 🛑 🚦
Break of the Downward Channel – Short Trading Signal 🚨🔻
It was climbing within a steep upward channel, but the price is now stopping at the upper resistance near $18.75. There is a possibility of a break from the ongoing channel, and the recent candles show uncertainty and rejection. This opens a window for a short-term correction as the bulls begin to lose control.
🔻 Trade Setup: Short Entry
Entry Zone: $18.52 – $18.56
Stop Loss: $18.95
Take Profit: $17.70
Leverage: 10x
Risk Allocation: 2–3% of the portfolio
📉 Market Outlook:
LINK's rise may need a breather. While it tests the upper limit of its upward channel, failure to maintain momentum could lead to a drop towards mid or lower support levels. Ideal conditions for a clean short setup.
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