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Short Trade Setup

Cream/usdt

1. Entry Price: Aim to enter the short trade around the current level of resistance. Based on the chart, the price level of $18.00-$18.20 appears to be a key resistance area.you can enter at market price also.

2. Stop-Loss (SL): Set your stop-loss just above the recent high at $20.10 to minimize risk if the price unexpectedly rises.

3. Take-Profit (TP): Plan for multiple take-profit targets to secure gains as the price moves in your favor:

TP1: $16.50 (previous support area)

TP2: $15.50 (next strong support level)

TP3: $14.50 (in case of a major downward move)

DCA Levels (for Risk Management)

If the price rises against your initial short position, consider adding to your position in increments:

First DCA Level: $18.50

Second DCA Level: $19.00

Final DCA Level: $19.50

Hedge Strategy

If the price breaks above $20.10 convincingly, you might consider opening a small long hedge position to offset potential losses. This will allow you to capture gains if the market reverses into a bullish trend.

Follow it completely .

Note.If you don't have knowledge of DCA and Hedging kindly avoid to enter trade.