๐ฅ $ATM /USDT: Shorting๐ฉธ Opportunity Alert Trade setup! ๐
Analysis:
The $ATM chart is painting a bearish picture. ๐ป We're seeing a clear descending channel forming, and price is currently hugging the lower boundary. ๐ Volume is drying up as we approach the bottom, suggesting exhaustion among buyers. ๐ด
Strategy:
* Entry: $2.15 ๐ฏ
* Stop Loss (SL): $2.25 ๐ (Above the upper channel line)
* Take Profit 1 (TP1): $2.00 ๐ฐ
* Take Profit 2 (TP2): $1.95 ๐ค
Execution:
Enter a short position at $2.10 with a tight stop loss above the upper channel line at $2.20. ๐ Secure initial profits at $2.00 ๐ฐ and let your winners run! ๐โโ๏ธ If selling pressure continues, aim for $1.92. ๐ค
Risk Management:
Always practice proper risk management! โ ๏ธ Keep position sizes reasonable and trail your stop loss as price moves in your favor to lock in gains. ๐
