Here is a simplified, high-impact breakdown of the $SENT trade setup:
Trade Overview: $SENT Short
The Story: Price rocketed up to $0.018, but aggressive sellers slammed the door, leaving a massive upper wick. The bulls ran out of gas, and price has slipped back below the key $0.01612 level.
The Play: Capitalizing on this exhaustion with a short position, targeting the downside levels left behind by the rapid spike.
Action Plan
Entry Zone: $0.01612
Take Profit Targets:
TP1: $0.01500
TP2: $0.01450
TP3: $0.01406
Stop Loss (Invalidation): $0.01694 (If buyers manage to reclaim and hold above this line, the short thesis is dead).
My Take & Strategy
The blow-off top combined with that heavy bearish follow-through candle makes this rejection look very real. Instead of chasing a retest and risking missing the move, entering on weakness below support aligns well with the momentum shift.
Would you jump in right here on this rejection, or are you waiting to see if it bounces first?
Trade Overview: $SENT Short
The Story: Price rocketed up to $0.018, but aggressive sellers slammed the door, leaving a massive upper wick. The bulls ran out of gas, and price has slipped back below the key $0.01612 level.
The Play: Capitalizing on this exhaustion with a short position, targeting the downside levels left behind by the rapid spike.
Action Plan
Entry Zone: $0.01612
Take Profit Targets:
TP1: $0.01500
TP2: $0.01450
TP3: $0.01406
Stop Loss (Invalidation): $0.01694 (If buyers manage to reclaim and hold above this line, the short thesis is dead).
My Take & Strategy
The blow-off top combined with that heavy bearish follow-through candle makes this rejection look very real. Instead of chasing a retest and risking missing the move, entering on weakness below support aligns well with the momentum shift.
Would you jump in right here on this rejection, or are you waiting to see if it bounces first?
