đ„ $ACH /USDT Short Trade Opportunity: Potential Profits
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Current Price: $0.02995
Short Position Setup:
Entry Zone: $0.02980 - $0.03100
Stop Loss: $0.03220
Profit Targets:
TP1: $0.02900
TP2: $0.02820
TP3: $0.02750
Market Analysis:
is currently facing solid resistance between the $0.03100 and $0.03220 levels, where price action is showing rejection. The bearish sentiment is growing stronger as sellers are stepping in at these resistance points, indicating a potential downward move.
A break below the $0.02980 level could trigger a sharp decline, pushing the price toward the lower targets. This setup presents a favorable short trade opportunity for those looking to capitalize on the bearish momentum.
Trade Execution Tips:
To increase the probability of success, itâs crucial to wait for a confirmed break below the $0.02980 level before entering the trade. A retest and rejection at this level will add further confirmation to the bearish setup, enhancing the chances of a profitable move.
Risk Management:
As always, ensure proper risk management by adjusting position size and maintaining a strict stop-loss strategy. This will help protect your capital while maximizing your potential for gains.
Note: Stay vigilant and monitor the market closely to ensure that your entry and exit points align with the setup outlined above.