#ZETAUSDT #followers #Everyone #BinanceSquareFamily #Dyo2024

$ZETA


### **Short/Sell Entry Strategy**:

#### **Current Market Condition**:
- The price recently rejected at 0.7656 USDT and is now pulling back.
- The price is hovering below the **MA(7)** (0.7313 USDT), signaling potential short-term weakness.
- **RSI(6) at 57.28**: Momentum is still above 50, but it's declining, indicating the potential for a further correction or sell-off.
- **MACD**: Though still bullish, a possible weakening is evident.

#### **Short Entry Setup**:

- **Entry Point**: Enter a short position **below 0.7200 USDT**. This level is close to the support trend and breaking below it could signal further downside.
- **Stop-Loss**: Place a stop-loss **above 0.7400 USDT**. This is slightly above the **MA(7)** and offers protection if the price rebounds.

#### **Take-Profit (TP) Levels**:
1. **TP1: 0.7000 USDT**: First support near **MA(25)**. A breakdown here would likely test this level.
2. **TP2: 0.6860 USDT**: Previous support level. Could be hit if bearish momentum builds up.
3. **TP3: 0.6650 USDT**: This corresponds to **MA(99)** and offers a deeper downside target for stronger correction.

#### **Trade Duration**:
- **Short-Term**: 1-2 days. Keep an eye on momentum and volume. The pullback might extend over this period if bearish pressure continues.

### **Key Points to Monitor**:
- **RSI Movement**: If the RSI starts breaking below 50, this will confirm growing bearish momentum.
- **Volume Trends**: If the current decline is accompanied by increasing volume, it will further validate the sell-off.
- **Price Reaction at 0.7200 USDT**: Watch for the break of this level. If the price holds above 0.7200 USDT, it could signal a false breakdown and rebound, invalidating the short entry.

This strategy aligns with current market signals and focuses on capitalizing on the recent rejection and potential pullback.

D.y.o.r
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