🔥 $COOKIE/USDT Short Trade Setup 💯
Current Price: $0.3812
Trade Plan:
Sell Zone: $0.3780–$0.3850
Target Levels:
Target 1: $0.3650
Target 2: $0.3500
Target 3: $0.3400
Stop Loss: $0.3900
Risk-Reward Ratio: ~1:3
Market Insights:
🔻 Resistance Holding Strong: Price struggles to break above $0.3850, indicating a potential reversal.
🔻 Bearish Indicators:
RSI: Shows overbought conditions, hinting at exhaustion.MACD: Points to a bearish crossover, signaling downward momentum.
🔻 Breakdown Alert: A decisive move below $0.3780 could open the path to lower support levels.
Trader’s Tip:
Wait for increased selling volume to confirm the breakdown.Stick to the stop loss at $0.3900 to limit risk.Aim to lock in profits progressively as the price approaches target levels.
