$GRASS
#GRASSUSDT

I’m entering a short position here, expecting the price to reject off the 2.8144 resistance level. My stop loss is placed slightly above at 2.8312, which provides a safety buffer in case of a minor fakeout. The take profit target is down at 2.5394, aiming for a clean reversal and continuation of the bearish trend. This gives me a favorable risk-reward ratio.

What Could Go Wrong:

Breakout Above Resistance:

If the price breaks above 2.8312 and reaches the stop loss, the trade setup will fail. A strong bullish breakout would invalidate the bearish scenario.
Weak Rejection or Consolidation:

If the price consolidates around the resistance without a clear rejection, it may indicate indecision, making the trade less likely to hit the target.

Stop-Hunt Risk:

A brief spike above the resistance to trigger stop losses (including mine), followed by a bearish move, is a potential risk. This could result in a loss despite the overall direction being correct.
Unexpected Market Catalyst:

Any sudden news or event could shift market sentiment, causing volatility and possibly invalidating the technical setup.

#GRASSUSDT

#GRASS

The price is moving in a descending channel on the 1-hour frame and sticking to it well

We have a bounce from the lower limit of the descending channel, this support is at a price of 2.20

We have a downtrend on the RSI indicator that is about to be broken, which supports the rise

We have a trend to stabilize above the moving average 100

Entry price 2.36
First target 2.46
Second target 2.55
Third target 2.65