Cryptocurrency Futures Signal Alert โ ๏ธโ ๏ธ๐จ๐จ
๐ Asset: TON Coin (TONUSDT)
๐ Signal: Open Short Position
๐ผ Trade Type: Short-Term Trade
๐ Analysis: TONUSDT is showing signs of immediate weakness after failing to break a resistance level. Short-term indicators suggest a potential downward movement in the next few hours.
๐ฏ Target Price: $6.20
๐ Stop Loss: $6.80 (Risk:Reward ratio of 1:1)
๐ Timeframe: Within 3 hours
๐ Technical Indicators:
- Moving Averages: Bearish crossover on shorter timeframes.
- Relative Strength Index (RSI): Overbought and showing signs of reversal.
- Volume: Decreasing, indicating potential for a quick pullback.
๐ก Trade Strategy:
- Entry: Open a short position immediately below current market price.
- Exit: Take profits at $6.20 and set a tight stop loss at $6.80.
- Risk Management: Manage risk carefully due to the short timeframe.
๐ Caution: Short-term trades are highly volatile. Monitor closely and be prepared to adjust your position based on rapid price movements.
๐ข Disclaimer: This is not financial advice. Trade responsibly and conduct your own analysis before making trading decisions.
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Good luck! ๐ฐ
#ShortTrade #TONUSDT #CryptoSignals