Short Trade Signal: $1000CAT USDT!🔥💯
Analysis
The price is consistently forming lower highs and lower lows, signaling a strong bearish trend. Current support at 0.03720 is being tested repeatedly, with potential for a breakdown.
Trade Setup
• Entry: Below 0.03700 (on breakdown confirmation with high volume).
• Take Profit Targets:
• TP1: 0.03650
• TP2: 0.03600
• TP3: 0.03550
• Stop Loss: Above 0.03780
Strategy
• Enter with a tight position after support confirmation fails.
• Secure partial profits at TP1 and trail your stop loss to breakeven.
• Exit completely near TP3 if reached.
Risk Management
Maintain strict risk-to-reward discipline. Allocate no more than 2% of portfolio capital to this trade.