$GHST USDT BEARISH SETUP WITH CLEAR DOWNTREND SIGNALS
$GHST USDT is exhibiting a bearish bias after rejection near strong resistance levels around 0.55-0.56. The price failed to hold above key resistance and has retraced towards recent support zones, confirming selling pressure. The downward momentum suggests further decline is likely.
SHORT ENTRY
Enter short positions near the resistance zone around 0.48-0.49, where sellers are expected to dominate.
TARGETS (TP)
First target at 0.4660, aligning with recent lows and support areas
Second target at 0.4550, anticipating continuation of bearish momentum
STOP LOSS (SL)
Set stop loss above 0.4950 to protect against unexpected upside breakouts.
RISK MANAGEMENT
Maintain disciplined risk management by risking only 1-2% of trading capital per trade. Ensure a minimum risk-to-reward ratio of 1:2 to maximize profit potential while safeguarding your capital.
#Bitlayer #BTCOvertakesAmazon #BTCReclaims120K #BinanceAlphaAlert #BinanceAlphaAlert $GHST