$SHIB /USDT Short Trade Setup!🔥💯
Market Outlook: The chart shows SHIB/USDT trending within a descending price channel, indicating bearish momentum. With continuous lower highs and lower lows, the downward trend may extend further.
Trade Setup
• Entry: Wait for a confirmed break below 0.00002120 for short entry.
• Stop Loss: Place your stop above the upper channel line at 0.00002160 to manage risk.
• Take Profit 1: Target 0.00002080 for partial profit booking.
• Take Profit 2: Extend the target to 0.00002050 for a larger move if bearish momentum continues.
Recommendation: Keep position size small and monitor price action around key support levels to avoid overextension. Secure profits once TP1 is reached and trail stop-loss to break even for extended targets.
Risk/Reward Ratio: Favorable, approx. 1:2. Manage risks wisely.