๐ $SLF /USDT Short Trade Setup! ๐จ
๐ Current Price: $0.2069 (-2.64%)
๐ Market Observations:
โ Downtrend Confirmation: $SLF/USDT is following a strong descending trendline (blue line), indicating continuous selling pressure.
โ Bearish Breakdown: The price has broken below $0.2060, a key support level, signaling a potential deeper drop.
โ Increased Selling Momentum: The red candlesticks with lower highs suggest strong bearish sentiment.
Trading Strategy: Short Setup ๐
๐ด Entry: Below $0.2069
๐ด Stop Loss: $0.2202 (Above resistance)
๐ข Take Profit Targets:
โ TP1: $0.1900
โ TP2: $0.1800
โ TP3: $0.1713
Bearish Confirmation:
A close below $0.2060 will validate further downside potential.
If the price fails to recover above $0.2069, expect continued decline.
โ ๏ธ Risk Management:
If price closes above $0.2202, consider exiting short positions.
๐ Conclusion:
$SLF/USDT is showing strong bearish momentum, breaking critical support levels. A move towards $0.1713 seems likely if selling pressure sustains. Trade cautiously and follow the trend! ๐๐ฅ
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