$1000CAT /USDT Trading Signal: Bearish Momentum Continues 🚨

Signal Type: Short

Entry Range: $0.02580 - $0.02620

Take-Profit Targets:

TP1: $0.02530 (Initial)

TP2: $0.02480 (Extended)

TP3: $0.02420 (Aggressive)

Stop-Loss: $0.02680

Technical Analysis

The $1000CAT /USDT pair has entered a bearish trend, with prices consistently trading below the 7-period MA, 25-period MA, and 99-period MA. This alignment of moving averages confirms a downtrend, signaling short opportunities.

Key Levels to Watch:

Resistance Zones:

Immediate: $0.02680

Major: $0.02750

Support Levels:

Initial: $0.02530

Major: $0.02420

Indicators Overview:

1. Moving Averages: Bearish crossover suggests downward momentum.

2. MACD: Strong bearish divergence, indicating selling pressure.

3. RSI: Near oversold territory, but room for further declines.

Market Observation

The $1000CAT price faced significant resistance at $0.02747, leading to a sharp decline. A break below $0.02550 could trigger an extended downtrend toward $0.02420. However, any recovery above $0.02680 may invalidate this setup.

Trade Management Tips

Secure Partial Profits: As the price approaches TP1, secure partial gains and adjust your stop-loss to breakeven.

Risk-Reward Focus: Maintain discipline and adhere to the 1:2 risk-reward ratio for optimal results.

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