bnx USDT Short Trade Alert ๐ป
๐ Current Price: $1.1675 (-0.18%)
๐ Market Trend: Sharp pump followed by early signs of weakness
๐ Support Levels: $1.1000 - $1.0500
๐ Resistance Levels: $1.2000 - $1.2500
Trade Setup
๐ฏ Targets:
TP1: $1.1200 โ
TP2: $1.0800
TP3: $1.0500
๐ Stop Loss: $1.2100
๐ Market Insight:
Strong rejection after a sharp rally suggests profit-taking.
If price breaks below $1.1500, further downside is likely.
Volume is declining, indicating possible loss of bullish momentum.
๐ฅ Pro Tip:
Best short entry around $1.1750 - $1.1850 for an optimal risk-reward ratio.
If price stabilizes above $1.2000, exit short position.
Trailing stop recommended to lock in profits if price moves below $1.1000.
โ ๏ธ Risk Management:
Maintain a 2:1 risk-reward ratio.
Reduce exposure if price holds above $1.1800 for an extended period.
๐จ Bearish Confirmation โ SHORT POSITION ACTIVE!