USELESS: the downtrend structure on both the 1h and 4h timeframes remains intact.
🔴 SHORT $USELESS /USDT: price is expected to FALL
Bias: SHORT · Bearish
Entry: 0.1428228 – 0.1434772
TP1: 0.1380031 (-3.6%)
TP2: 0.1345718 (-6.0%)
TP3: 0.1294249 (-9.6%)
SL: 0.1500125 (+4.8%)
Plan: enter only within this zone, take profit on 50% at TP1, 25% at TP2, and 25% at TP3, and move the stop loss to the entry point after TP1.
Note: confidence is only moderate, so keep the position size small.
Why SHORT? 5/12 signals agree, with no opposing signals.
• 4h trend is bearish (price below EMA50 and EMA200)
• 1h trend is bearish (price below EMA50 and EMA200)
• BTC is falling, and this coin typically moves with it (correlation 0.81)
SHORT trade summary:
1/3 The daily trend is moving sideways, so this is a countertrend SHORT trade within a broader sideways range.
2/3 The 4h trend has a bearish structure, with price below EMA50 and EMA200, meaning sellers are in control on this timeframe.
3/3 If the daily price closes above EMA200 or the 4h RSI rises above 55, the SHORT thesis will weaken.
Where would you set the stop loss for this SHORT trade?
🔴 SHORT $USELESS /USDT: price is expected to FALL
Bias: SHORT · Bearish
Entry: 0.1428228 – 0.1434772
TP1: 0.1380031 (-3.6%)
TP2: 0.1345718 (-6.0%)
TP3: 0.1294249 (-9.6%)
SL: 0.1500125 (+4.8%)
Plan: enter only within this zone, take profit on 50% at TP1, 25% at TP2, and 25% at TP3, and move the stop loss to the entry point after TP1.
Note: confidence is only moderate, so keep the position size small.
Why SHORT? 5/12 signals agree, with no opposing signals.
• 4h trend is bearish (price below EMA50 and EMA200)
• 1h trend is bearish (price below EMA50 and EMA200)
• BTC is falling, and this coin typically moves with it (correlation 0.81)
SHORT trade summary:
1/3 The daily trend is moving sideways, so this is a countertrend SHORT trade within a broader sideways range.
2/3 The 4h trend has a bearish structure, with price below EMA50 and EMA200, meaning sellers are in control on this timeframe.
3/3 If the daily price closes above EMA200 or the 4h RSI rises above 55, the SHORT thesis will weaken.
Where would you set the stop loss for this SHORT trade?