$META /USDT — SHORT SETUP
Sellers are maintaining control as META continues trading below key moving averages on both the 1H and 4H timeframes.
I'm watching the 610.71–611.38 zone for a potential short entry.
Entry: 610.717 – 611.382
TP1: 606.386
TP2: 603.277
TP3: 598.613
Stop Loss: 617.268
Trade management:
• Close 50% at TP1.
• Take another 25% at TP2.
• Secure the remaining 25% at TP3.
• Move SL to breakeven after TP1.
The 4H and 1H trends remain bearish, while selling pressure is increasing on the 15M chart.
Conviction is moderate, so avoid oversized positions.
Invalidation: A move above 617.268 cancels this bearish setup.
Patience is key. Let the price reach the entry zone before considering a trade. #Write2Earn #Binance #Crypto #BinanceReopensWithdrawalsForMoreAssets
Sellers are maintaining control as META continues trading below key moving averages on both the 1H and 4H timeframes.
I'm watching the 610.71–611.38 zone for a potential short entry.
Entry: 610.717 – 611.382
TP1: 606.386
TP2: 603.277
TP3: 598.613
Stop Loss: 617.268
Trade management:
• Close 50% at TP1.
• Take another 25% at TP2.
• Secure the remaining 25% at TP3.
• Move SL to breakeven after TP1.
The 4H and 1H trends remain bearish, while selling pressure is increasing on the 15M chart.
Conviction is moderate, so avoid oversized positions.
Invalidation: A move above 617.268 cancels this bearish setup.
Patience is key. Let the price reach the entry zone before considering a trade. #Write2Earn #Binance #Crypto #BinanceReopensWithdrawalsForMoreAssets