SKHYNIX/USDT â 5M CHART
đ The Setup: Price was approaching a strong resistance zone around 1247.7â1248.3. After multiple reactions around this area, I was watching closely for a clear rejection and confirmation before taking the trade.
đ» Trade Entry: Once the price showed rejection from resistance and bearish momentum started building, I took the SHORT/SELL setup.
đŻ Take Profit: The target was placed near the 1242.5 support zone.
And the move played out beautifully. đđ
Price dropped from the resistance area and eventually reached the planned TP zone. â đŻ
đ„ Trade Breakdown: âĄïž Resistance identified
âĄïž Rejection confirmed
âĄïž SHORT/SELL entry taken
âĄïž Bearish momentum followed
âĄïž TP reached at the support area â
This is why I focus on price action, resistance/support zones, confirmation, and risk management rather than blindly chasing a move.
đ Plan the trade. Wait for confirmation. Execute with discipline.
â ïž This is a technical analysis example, not financial advice. Always manage your risk and DYOR.
#Crypto #Binance #cryptotrading #trading $SKHYNIX
