Bearish momentum is developing, offering a strong short trade setup. Hereās the plan:
š Key Levels to Watch: Immediate Resistance: $1.480 ā A rejection here could confirm further downside. Support Zones: Breakdown levels to watch are $1.400 and $1.350 for increased selling pressure.
šÆ Trade Setup with Targets: Entry: Short near $1.450, preferably after a rejection at $1.480.
Targets:
TP1: $1.400
TP2: $1.350
TP3: $1.300
Stop-Loss: Place your stop-loss above $1.500 to limit risk.
š” Pro Tip: Monitor for bearish candlestick patterns and rising sell volume. Secure profits by moving your stop-loss to breakeven after TP1 is hit.
Trade wisely, follow the trend, and capitalize on the market moves! šš„
Bearish momentum is forming, creating a strong shorting opportunity. Here's the setup:
š Key Levels to Watch: Immediate Resistance: $0.3450 ā A rejection at this level could strengthen the downtrend. Support Zones: Breakdown levels to watch are $0.3250 and $0.3100 for further downside.
šÆ Trade Setup with Targets: Entry: Short near $0.3361, preferably after resistance rejection at $0.3450.
Targets:
TP1: $0.3250
TP2: $0.3150
TP3: $0.3000
Stop-Loss: Place your stop-loss above $0.3500 to manage risk effectively.
š” Pro Tip: Watch for bearish candlestick patterns and increased selling volume. Move your stop-loss to breakeven after hitting TP1 to lock in profits.
Trade smart, follow the trend, and let the market work in your favor! šš„ $BURGER
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