$1000CAT / USDT Short Trade Opportunity 🔥💯
Current Price: 0.03515 USDT (-2.3%)
Analysis:
The chart highlights bearish momentum, with the price struggling to hold above critical support levels. Sellers are gaining control, increasing the likelihood of further downside.
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Trade Setup:
Entry Point: 0.03500 USDT (upon confirmed breakdown)
Take Profit (TP):
TP1: 0.03450 USDT
TP2: 0.03400 USDT
Stop Loss (SL): 0.03580 USDT
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Risk Management:
Adjust position size to ensure risk per trade does not exceed 2-3% of your portfolio.
Maintain proper leverage if applicable, keeping liquidation levels safe.
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Outlook:
Closely monitor price action and volume.
A confirmed breakdown below 0.03500 USDT with strong volume signals a continuation of bearish momentum, offering high potential for a successful short trade.