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