$4 | 4 has pushed strongly toward the $0.0125 resistance zone after a sharp recovery. The move is already extended, while the previous rejection near $0.01357 makes this area important for sellers. Rather than chasing the short at the current price, the better approach is to wait for a retracement into the resistance zone and look for rejection. If sellers regain control there, a move back toward the previous consolidation levels becomes possible.
LIMIT ORDER SHORT
Entry: $0.01250–$0.01315
Take Profit:
TP1: $0.01150
TP2: $0.01070
TP3: $0.00950
TP4: $0.00880
Stop Loss: $0.01380
Wait for the limit order to fill. Don't chase the move. Secure partial profits at each TP and shift your stop loss to breakeven after TP1. Continue trailing the stop loss after each target to protect profits. DYOR! this is only my market view, not financial advice.
Trade From Here (DYOR) 👇
LIMIT ORDER SHORT
Entry: $0.01250–$0.01315
Take Profit:
TP1: $0.01150
TP2: $0.01070
TP3: $0.00950
TP4: $0.00880
Stop Loss: $0.01380
Wait for the limit order to fill. Don't chase the move. Secure partial profits at each TP and shift your stop loss to breakeven after TP1. Continue trailing the stop loss after each target to protect profits. DYOR! this is only my market view, not financial advice.
Trade From Here (DYOR) 👇