#SAFE
TRADE — SHORT (SAFE/USDT)
Why did I enter this short trade?
The entry was based on technical analysis, which identified strong selling pressure and the continuation of the downtrend.
🔴 1. Rejection at resistance: The price struggled to break above the 0.12780–0.12763 area, indicating the presence of sellers and a possible reversal.
📉 2. Confirmation from market structure: After the rejection, the asset began forming lower highs and lower lows, reinforcing the bearish outlook.
📊 3. Fibonacci: The loss of key levels, especially the 0.11629 area, indicated weakening buyers and continued selling pressure.
⚠️ 4. Support breakdown: Losing the 0.10832 area confirmed the accelerating decline, showing that sellers remained in control.
🔻 5. Candlestick strength and trend: The series of bearish candles, along with the break of technical zones, reinforced the decision to enter a short position.
TRADE — SHORT (SAFE/USDT)
Why did I enter this short trade?
The entry was based on technical analysis, which identified strong selling pressure and the continuation of the downtrend.
🔴 1. Rejection at resistance: The price struggled to break above the 0.12780–0.12763 area, indicating the presence of sellers and a possible reversal.
📉 2. Confirmation from market structure: After the rejection, the asset began forming lower highs and lower lows, reinforcing the bearish outlook.
📊 3. Fibonacci: The loss of key levels, especially the 0.11629 area, indicated weakening buyers and continued selling pressure.
⚠️ 4. Support breakdown: Losing the 0.10832 area confirmed the accelerating decline, showing that sellers remained in control.
🔻 5. Candlestick strength and trend: The series of bearish candles, along with the break of technical zones, reinforced the decision to enter a short position.