๐จ TradeGenius360 - AIXBTUSDT.P Short Opportunity - Resistance at 0.7000 ๐จ
๐ Trade Type: Sell (Short)
๐ Entry Price: Near 0.7000
๐ฏ Stop-Loss: Above 0.7100 (to protect against false breakouts)
๐ฐ Take-Profit Targets:
First TP: 0.6600
Second TP: 0.6200
๐ด Risk-Reward Ratio:
TP1: 1:4
TP2: 1:8
๐ Confirmation:
Watch for decreasing volume as price approaches 0.7000.
Look for bearish candlestick patterns near resistance (e.g., Shooting Star, Bearish Engulfing, Doji).
RSI Divergence could confirm weakening buying pressure at this level.
๐ Why:
The 0.7000 level is a psychological resistance point, and with RSI nearing 70, it suggests overbought conditions. Expect potential price rejection at this key level!
โ ๏ธ Manage Risk:
Ensure your stop-loss is placed at 0.7100 to limit potential losses. Adjust if price moves in your favor.
๐ก Potential Maximum Move:
Maximum Upward Movement: The 0.7000 resistance suggests a potential max price target of 0.7400 before facing significant rejection.
Maximum Downward Movement: After rejection, the price could drop to as low as 0.6200 or even 0.6000 if bearish momentum intensifies.
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๐ฅ What Can You Do Now?
1๏ธโฃ Download the chart and start tracking market trends.
2๏ธโฃ Stay updated on AIXBTUSDT.P and leverage this opportunity.
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