Short Trade Setups for Top Losers! 🔥💯
Given the ongoing bearish momentum, here are updated short trade setups with clear entry points, targets, and stop losses to optimize risk management:
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1. $CTXC
Entry: $0.40 (on breakdown confirmation)
Target: $0.36
Stop Loss: $0.43
Strategy: Capitalize on the sharp downward momentum while maintaining a tight stop to limit risk.
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2. $VELODROME (VELO)
Entry: $0.20 (below support zone)
Target: $0.17
Stop Loss: $0.215
Strategy: Look for a pullback or retest of resistance to enter. Be patient as momentum builds.
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3. $SLF
Entry: $0.38 (bearish continuation setup)
Target: $0.34
Stop Loss: $0.395
Strategy: Stick to the trend and adjust stop losses to secure profits as the trade progresses.
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4. $ME
Entry: $3.30 (below key psychological level)
Target: $3.05
Stop Loss: $3.45
Strategy: Monitor closely for a retest of resistance or consolidation before shorting.
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Trade Advice
Use trailing stop-losses to protect gains and reduce risk.
Watch for price action signals like trend reversals or increased volume near support levels.
Ensure proper position sizing to manage risk effectively.
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