📢 $COHR / $USDT | 🔴 SHORT | ⭐ 75%
🎯 Target: $257.96. Is it still falling?
🎯 Trading levels:
🟢 Entry: $264.31
🛑 Stop Loss: $267.65
🏁 TP1: $257.96
🏁 TP2: $254.29
📉 Analysis:
The structure of $COHR shows a confirmed triple top with sustained selling pressure that invalidates attempts at recovery. The ADX of 28.76 confirms a solid bearish trend, while the bearish MACD cross (an indicator that measures the strength and direction of momentum) and the alignment of the moving averages with EMA20 below EMA50 reinforce the dominance of supply. The RSI at 43.44 (an index that measures the speed of price movement) still allows room for the decline to continue toward the support zone.
⚖️ Risk/Reward: 1:1.9
⏱️ Timeframe: 1H
📐 Technical confidence: 3/5
The invalidation level is set at the stop loss, protecting the position in case of a possible recovery of the short-term bullish structure. The bearish thesis remains valid as long as selling volume absorbs any attempt of a rebound from the immediate resistance.
What confirmation do you expect to see in order to consider closing this position at the first target?
💡 This analysis is for educational purposes and not financial advice. Do your own research and decide calmly.
#crypto #COHR #trading #Futures #Bearish
🎯 Target: $257.96. Is it still falling?
🎯 Trading levels:
🟢 Entry: $264.31
🛑 Stop Loss: $267.65
🏁 TP1: $257.96
🏁 TP2: $254.29
📉 Analysis:
The structure of $COHR shows a confirmed triple top with sustained selling pressure that invalidates attempts at recovery. The ADX of 28.76 confirms a solid bearish trend, while the bearish MACD cross (an indicator that measures the strength and direction of momentum) and the alignment of the moving averages with EMA20 below EMA50 reinforce the dominance of supply. The RSI at 43.44 (an index that measures the speed of price movement) still allows room for the decline to continue toward the support zone.
⚖️ Risk/Reward: 1:1.9
⏱️ Timeframe: 1H
📐 Technical confidence: 3/5
The invalidation level is set at the stop loss, protecting the position in case of a possible recovery of the short-term bullish structure. The bearish thesis remains valid as long as selling volume absorbs any attempt of a rebound from the immediate resistance.
What confirmation do you expect to see in order to consider closing this position at the first target?
💡 This analysis is for educational purposes and not financial advice. Do your own research and decide calmly.
#crypto #COHR #trading #Futures #Bearish
