Short Trade Signal: $VIDT /USDT!š„šÆ
šØ Heading: Potential Downtrend Continuation šØ
Signal Details:
1. Entry Zone: $0.03150 - $0.03180
2. Stop Loss (SL): $0.03250 (above resistance)
3. Take Profit (TP):
ā¢ TP1: $0.03050
ā¢ TP2: $0.02980
ā¢ TP3: $0.02850
Reasoning:
ā¢ The price is trading within a descending channel, respecting lower highs and lows.
ā¢ Rejection near the upper boundary of the trendline indicates further bearish momentum.
ā¢ 4.16% bounce appears corrective; continuation to the downside is likely.
Trade Management Tips:
ā¢ Trail SL to breakeven once TP1 is hit.
ā¢ Exit gradually at key levels.