$Leyar /USDT
Price: $2.4380
Trend: Recently a big pump to $2.98, but now downtrend starting (lower highs, lower lows).
MAs:
MA(7) = 2.4816 (above price → bearish)
MA(25) = 2.5546 (even higher → bearish pressure)
MA(99) = 2.2946 (longer support level)
Volume: Volume peaked during the dump, now slowing down.
Price Action: It lost the 7 MA and 25 MA → weak structure.
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Here's a simple Short Trade Strategy:
Entry:
Enter a short if price fails to reclaim the 7 MA (~2.48) on a retest.
Aggressive traders could already short now at $2.4380, but safer to wait for a small pullback near $2.45–$2.48.
Stop Loss:
Above 25 MA (~2.56) — for safety.
So, set Stop Loss around $2.57.
Target (Take Profit):
TP1: $2.30 (near MA99 and minor support)
TP2: $2.22 (24h Low)
TP3: $2.16 (stronger support seen in the chart)
Risk:Reward:
Good setup: risking ~12-13 cents to target ~20-30 cents profit.
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Bonus:
You can add confirmation with:
MACD: If MACD crosses bearish = extra confirmation.
RSI: If RSI is below 50 = stay confident in short.