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HOW TO FIND A SHORT TRADE::::::
A perfect short entry from a resistance level involves identifying a price point where an asset is likely to reverse after failing to break higher. Hereâs how to execute it:
1: Identify Resistance: Look for a strong, established resistance level where price has previously struggled to move higher (based on historical price action, pivot points, or Fibonacci levels).
2: Wait for Confirmation: Watch for signals like bearish candlestick patterns (e.g., shooting star, bearish engulfing) or price rejection (shadows or wicks) near the resistance level.
3: Volume Confirmation: Ideally, the price rejection should occur with decreasing volume on the approach to resistance, signaling weaker buying pressure.
4: Entry: Once the resistance holds and a bearish signal is confirmed, enter a short position just below the resistance level.
5: Stop Loss: Place a stop loss just above the resistance or recent high to protect against a breakout.
6: Target: Set a take-profit target based on nearby support levels or a risk-reward ratio (e.g., 1:2 or 1:3).
đ„ A disciplined approach and strong confirmation signals improve the likelihood of a successful short trade.
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