$ATM /USDT: Potential Short Opportunityš„šÆ
ā¢ Entry: $2.10
ā¢ Stop Loss (SL): $2.20
ā¢ Take Profit 1 (TP1): $2.00
ā¢ Take Profit 2 (TP2): $1.92
Analysis:
The chart exhibits a descending channel formation, indicating bearish momentum. Price is currently testing the lower boundary of the channel with decreasing volume, which aligns with a short bias.
Strategy:
Enter at $2.10 with a tight SL above the upper channel line ($2.20). Secure partial profits at $2.00 and extend targets to $1.92 if selling pressure persists.
Risk Management:
Keep position sizing appropriate, and trail your SL as price approaches TP levels to lock in profits.