Cryptocurrency Futures Signal Alert โš ๏ธโš ๏ธ๐Ÿšจ๐Ÿšจ

๐Ÿ“‰ Asset: TON Coin (TONUSDT)

๐Ÿ“‰ Signal: Open Short Position

๐Ÿ’ผ Trade Type: Short-Term Trade

๐Ÿ“Š 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.

๐ŸŽฏ Target Price: $6.20

๐Ÿ›‘ Stop Loss: $6.80 (Risk:Reward ratio of 1:1)

๐Ÿ“† Timeframe: Within 3 hours

๐Ÿ” 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.

๐Ÿ’ก 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.

๐Ÿ“‰ Caution: Short-term trades are highly volatile. Monitor closely and be prepared to adjust your position based on rapid price movements.

๐Ÿ“ข Disclaimer: This is not financial advice. Trade responsibly and conduct your own analysis before making trading decisions.

๐Ÿ“ˆ Follow for More Signals: For real-time trading signals and updates, follow us. @The_Crypto_Influencer_TCF

Good luck! ๐Ÿ’ฐ

#ShortTrade #TONUSDT #CryptoSignals