🔗 Short Trade Signal: $NEXO /USDT 🔗
Entry: 1.275 (Break of support level)
Take Profit (TP):
• TP1: 1.250
• TP2: 1.220
Stop Loss (SL): 1.300
Rationale:
• Clear downtrend channel with price rejection at resistance.
• Strong bearish momentum with potential for continuation.
• TP zones align with previous key support levels.
Risk Management:
• Ensure position size aligns with risk tolerance (max 2-3% per trade).
• Trail stop-loss once TP1 is achieved for maximized gains.