Looking at your chart (IDOL/USDT Perp, 1D timeframe on Binance), here are some key points before setting up a short trade:

What I see:

Price: $0.03005 (+8.29% daily).

24h Range: $0.01941 – $0.03184 (strong volatility).

Volume: Spiked sharply.

MA(25) & MA(50): Both around $0.014–0.015, far below current price (suggests price is heavily extended).

Parabolic SAR: Flipped bullish recently.

Chart: A vertical green candle (possible blow-off top or FOMO rally).

Short Setup (Low Risk Approach):

Since price already pumped +100% from recent lows, you should avoid entering blindly. Instead:

Entry Zone (Short):

Wait for price rejection near $0.031–0.032 resistance (recent high).

Look for 4h/1h bearish candle confirmation (long wick, strong red candle).

Stop Loss (Tight):

Place SL just above $0.0325 (above daily high to avoid stop hunts).

Target (Take Profit):

TP1: $0.025 (previous mini resistance).

TP2: $0.020 (24h low / strong support).

Risk-to-Reward ≈ 1:2 to 1:3 if executed properly.

Position Sizing:

Use small leverage (max 3–5x).

Risk max 1–2% of account balance on this trade.

✅ Safer Plan:

Don’t rush—wait for confirmation of a reversal signal (like RSI divergence, bearish engulfing candle, or volume drop).

This avoids shorting into ongoing FOMO where price could spike higher.