Short Trade Setups for Top Losers!🔥💯
Given the bearish momentum on these assets, here are potential short trade setups with defined targets and stop losses:
1. $CTXC
• Entry: $0.42 (on breakdown confirmation)
• Target: $0.38
• Stop Loss: $0.45
• Strategy: Follow momentum with tight stop-loss.
2. $VELODROME (VELO)
• Entry: $0.20 (below support zone)
• Target: $0.18
• Stop Loss: $0.215
• Strategy: Wait for a pullback before entering short.
3. $SLF
• Entry: $0.38 (continuation of bearish trend)
• Target: $0.35
• Stop Loss: $0.395
• Strategy: Ride the trend with proper risk management.
4. ME
• Entry: $3.35 (below key psychological level)
• Target: $3.10
• Stop Loss: $3.50
• Strategy: Look for a retest of resistance before shorting.
Trade Advice: Manage risk diligently, use trailing stop-losses to lock profits, and monitor price action for trend reversals.