📍 Entry: 0.487 ⛔ Stop Loss: 0.500 🎯 Take Profit 1: 0.440 🎯 Take Profit 2: 0.400 📝 Setup Details:
We’re looking for a short opportunity on SOON/USDT based on resistance rejection near the 0.487–0.500 zone. This level has acted as a supply area where selling pressure historically increases. Technical Reasoning:
Resistance Zone: Price is approaching a prior rejection zone (0.487–0.500).
Bearish Structure: Lower highs forming on the 4H chart, indicating weakening bullish momentum.
Risk-Reward Ratio: Approximately 1:3 when targeting TP2, which is favorable for a short setup.
Trade Management:
Reduce risk by securing partial profits at TP1 (0.440).
Move stop loss to breakeven after TP1 is hit to protect capital.
Hold remaining position to TP2 (0.400) for maximum potential.
⚠ Disclaimer: This is not financial advice. Always do your own research and manage your risk properly. If you want, I can also make this look like a professional trading signal post with a chart showing your entry, stop loss, and take profit levels so it’s more visually appealing. That could make it easier to shaeas
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