📉Another Victory in CETUS! Dominating the Bearish Trend, applying what I learned before 📉
I bring you another successful trade that I just closed in CETUS! On a 15-minute timeframe, I was able to take advantage of a clear bearish trend and secure some good profits.
How did I do it? Simple: observation and the good use of Moving Averages (MA). I identified that CETUS was in a very defined bearish trend. The candles were consistently touching the 7-period MA, confirming the selling pressure. The crucial point was that every time the price tried to rise, the 25-period MA acted as a solid resistance, causing the price to pull back.
With this confirmation, I decided to enter short at 0.1042306 USDT. And, as I expected, the price continued its decline, allowing me to close the trade at 0.1032000 USDT.
The result: a quick profit of 2.05 USDT! Small victories like this are what add up and teach us to refine our strategy.
What can we learn from this trade?
Confirmation of Trends: Moving Averages are your allies to validate if a trend is strong and sustainable.
Identification of Dynamic Resistances: The 25-period MA in this case acted as a dynamic resistance, a key point to confirm that the bearish trend was maintained.
Speed and Precision: In short timeframes, it is important to know that the speed to identify these signals is crucial for entering and exiting successfully.
I hope this analysis is useful to you. Let's keep learning and sharing our experiences in trading!
Any questions about this trade or do you have your own strategies for bearish trends? Comment below! 👇
