Short Trading Signal: $CITY /USDT
Market Outlook:
$CITY /USDT continues to show downward momentum, with lower lows and a breach of critical support levels. Bearish sentiment is reinforced by weak trading volume and consistent red candles, signaling potential continuation of the downtrend.
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Trade Setup:
Entry: $1.830 (confirm break below this level)
Stop-Loss (SL): $1.875 (above recent resistance)
Take-Profit (TP):
Target 1: $1.790
Target 2: $1.750
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Analysis:
Weak volume and consecutive red candles signal a bearish continuation.
Be cautious of reversal signs or unexpected volume spikes.
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Risk Management:
Risk 1-2% of your portfolio for this trade.
Adjust stop-loss to breakeven after hitting Target 1 to protect gains.
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Stay Disciplined:
Stick to your trading plan. Avoid impulsive decisions and monitor for confirmation before entering the trade.
Current Price: $1.839 (-9.18%)
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