📉 $RED — Bearish Short Setup | Selling Into the Supply Zone
SHORT 🔴
Entry Zone: $0.1750–$0.1800
Stop Loss (SL): $0.1985
🎯 Take Profit:
- TP1: $0.1680
- TP2: $0.1570
- Final TP: $0.1500
📉 Market Analysis:
After a strong recovery from the lows, price has experienced a sharp upward expansion. Rather than chasing the rally, this setup focuses on a potential rejection from the overhead supply zone between $0.1750 and $0.1800.
The idea is to wait for price to enter this area and look for signs that buyers are losing strength. If rejection develops after a possible liquidity sweep, a mean-reversion move toward lower support levels could follow. However, the short entry should depend on confirmation from price action rather than simply placing a sell order at the zone.
🔑 Key Level:
The $0.1750–$0.1800 area is the primary resistance zone to watch. A clear rejection could open the way toward $0.1680, followed by $0.1570 and the final target at $0.1500.
A clean breakout and sustained hold above $0.1800–$0.1845 would weaken or invalidate the bearish thesis. Avoid forcing a short if buyers establish control above resistance.
⚠️ Risk Note:
Do not enter blindly or use excessive leverage. Wait for rejection confirmation, manage position size carefully, and respect the stop loss at $0.1985. If price breaks through resistance with strong buying pressure, reassess the setup rather than averaging into a losing trade.
Bearish bias if the supply zone rejects price and resistance remains intact. 📉
Sell and Trade $RED here 👇
DYOR.
SHORT 🔴
Entry Zone: $0.1750–$0.1800
Stop Loss (SL): $0.1985
🎯 Take Profit:
- TP1: $0.1680
- TP2: $0.1570
- Final TP: $0.1500
📉 Market Analysis:
After a strong recovery from the lows, price has experienced a sharp upward expansion. Rather than chasing the rally, this setup focuses on a potential rejection from the overhead supply zone between $0.1750 and $0.1800.
The idea is to wait for price to enter this area and look for signs that buyers are losing strength. If rejection develops after a possible liquidity sweep, a mean-reversion move toward lower support levels could follow. However, the short entry should depend on confirmation from price action rather than simply placing a sell order at the zone.
🔑 Key Level:
The $0.1750–$0.1800 area is the primary resistance zone to watch. A clear rejection could open the way toward $0.1680, followed by $0.1570 and the final target at $0.1500.
A clean breakout and sustained hold above $0.1800–$0.1845 would weaken or invalidate the bearish thesis. Avoid forcing a short if buyers establish control above resistance.
⚠️ Risk Note:
Do not enter blindly or use excessive leverage. Wait for rejection confirmation, manage position size carefully, and respect the stop loss at $0.1985. If price breaks through resistance with strong buying pressure, reassess the setup rather than averaging into a losing trade.
Bearish bias if the supply zone rejects price and resistance remains intact. 📉
Sell and Trade $RED here 👇
DYOR.