If you're looking for a short scalp on this $USDC /USDT (1H) chart:
Bias: Weak bearish / range-bound
Entry: 1.00088–1.00091 (on a rejection from resistance)
Stop Loss: 1.00098 (above the recent swing high)
Target 1: 1.00084
Target 2: 1.00080
Target 3: 1.00073 (only if selling pressure increases)
Condition: Only take the short if price fails to reclaim 1.00091 and volume increases on red candles. If price closes above 1.00097, the short setup is invalid.
Keep in mind that USDC/USDT is a stablecoin pair, so the expected price movement is extremely small. Unless you're trading an arbitrage strategy or using leverage with careful risk management, the potential reward is usually limited.
$USDC
Bias: Weak bearish / range-bound
Entry: 1.00088–1.00091 (on a rejection from resistance)
Stop Loss: 1.00098 (above the recent swing high)
Target 1: 1.00084
Target 2: 1.00080
Target 3: 1.00073 (only if selling pressure increases)
Condition: Only take the short if price fails to reclaim 1.00091 and volume increases on red candles. If price closes above 1.00097, the short setup is invalid.
Keep in mind that USDC/USDT is a stablecoin pair, so the expected price movement is extremely small. Unless you're trading an arbitrage strategy or using leverage with careful risk management, the potential reward is usually limited.
$USDC