📉 BENQI (QI) Short Setup – x20 Leverage 📉
🔎 Market Analysis:
Current Price: $0.00946
24-Hour Change: -5.12%
Market Trend: Bearish
Volume: 1.155M (moderate)
Key Resistance: $0.00950 - $0.00955
Key Support: $0.00940 (minor bounce observed)
📊 Trend Overview:
The price of BENQI (QI) has been on a downward trajectory with recent price action showing strong resistance near $0.00950. As the price struggles to break this level, there is a high potential for a further decline, making this a favorable short setup.
📉 The market sentiment remains bearish, and with 5.12% loss in the last 24 hours, further downside movement is likely. Also, pay attention to any unlock events or external news that might affect the price in the coming hours.
📍 Short Entry (x20 Leverage):
Entry Zone: $0.00950 - $0.00955 (Resistance Zone)
Stop Loss: $0.00965 (Risk management)
Take Profit Targets:
TP1: $0.00930 (Previous low)
TP2: $0.00900 (Potential breakdown point)
⚠️ Risk Management:
Leverage: With x20 leverage, be aware that while potential profits are amplified, risks are also increased. It's critical to maintain a strict stop loss to avoid excessive losses.
Volume Alert: Monitor trading volume closely, as a sudden increase in volume could trigger unexpected price movements.
📅 Why This Setup?
Bearish Trend: The market structure is clearly bearish with a failure to break resistance and a slight bounce off support.
Unlock Event Risk: Potential unlock events around BENQI may cause short-term volatility, so it’s important to stay alert.
Summary:
Best Entry: $0.00950 - $0.00955
Take Profit Levels: $0.00930, $0.00900
Stop Loss: $0.00965
Ready to short? Keep an eye on BENQI (QI) for a potential profitable setup. Remember to always apply proper risk management and stay updated on market news!
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