OP/USDT

Sell Short Strategy

1. Entry Point

Current Price: $2.152

Place a short entry near the resistance at $2.20, as the price is close to the 24-hour high and may face selling pressure.

2. Stop-Loss (SL)

Place the SL slightly above the 24-hour high at $2.25 to minimize risk in case the bullish momentum continues.

3. Take-Profit (TP)

Primary Target: $2.02 (near the previous support/resistance area on the chart).

Secondary Target: $1.80 (aligned with a stronger support level and EMA cluster).

4. Hedging

If the price breaks $2.25, set a long hedge position to capture potential upward movement:

Long Entry: $2.26

SL for Long Hedge: $2.20

TP for Long Hedge: $2.40

5. Dollar-Cost Averaging (DCA)

If the price moves against your short trade, consider DCA by adding small short positions at $2.30 and $2.40, increasing your average entry price.

Risk Management

Risk per trade: Ensure not to risk more than 1-2% of your trading capital.