$CVC /USDT - Short Trade Setup!🔥💯
• Entry: $0.1750
• Stop Loss: $0.1820
• Take Profit 1: $0.1700
• Take Profit 2: $0.1650
Analysis: The price action is moving within a descending channel, with strong bearish momentum visible on the 15m timeframe. Immediate resistance is near $0.1800, making it a safe point for stop placement.
Strategy: Enter on a retracement towards $0.1750, targeting lower channel levels. Adjust stop loss to breakeven after hitting TP1 to secure gains. Monitor for a potential reversal at $0.1650.
Risk Management: Limit exposure to 1-2% of portfolio value per trade.