Professor Mike
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Bearish
$ARKM /USDT Trade Signal - Potential Short Setup ๐ฅ๐ฏ
Entry: $1.470
Stop Loss (SL): $1.510
Take Profit (TP):
โข TP1: $1.430
โข TP2: $1.400
Analysis:
โข The price is trending within a descending channel (marked in blue).
โข Current rejection at the upper trendline suggests a shorting opportunity.
โข RSI shows potential bearish divergence on lower timeframes.
Risk Management:
โข Maintain a 1:2 risk-to-reward ratio.
โข Secure partial profits at TP1 and move SL to breakeven.
Note:
Monitor price action near the $1.400 support for any reversal signals.
#GrayscaleSUITrust #ElSalvadorBTCReserve #CorePCESignalsShift #MarketPullback
Entry: $1.470
Stop Loss (SL): $1.510
Take Profit (TP):
โข TP1: $1.430
โข TP2: $1.400
Analysis:
โข The price is trending within a descending channel (marked in blue).
โข Current rejection at the upper trendline suggests a shorting opportunity.
โข RSI shows potential bearish divergence on lower timeframes.
Risk Management:
โข Maintain a 1:2 risk-to-reward ratio.
โข Secure partial profits at TP1 and move SL to breakeven.
Note:
Monitor price action near the $1.400 support for any reversal signals.
#GrayscaleSUITrust #ElSalvadorBTCReserve #CorePCESignalsShift #MarketPullback
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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