$ATM / USDT: Potential Short Opportunity 🔥💯
Entry: $2.10
Stop Loss (SL): $2.20
Take Profit 1 (TP1): $2.00
Take Profit 2 (TP2): $1.92
Analysis:
The chart shows a descending channel formation, signaling bearish momentum. The price is currently testing the lower boundary of the channel with decreasing volume, which suggests a short bias.
Strategy:
Enter at $2.10 with a tight SL above the upper channel line at $2.20. Secure partial profits at $2.00 and extend targets to $1.92 if selling pressure remains strong.
Risk Management:
Ensure position sizing aligns with risk tolerance. As price approaches TP levels, trail your SL to lock in profits at $2.10 (+4.68%)
