$龙虾 / USDT Short Setup
Guys, remember a few days ago i told you how this coin was moving toward the 0.20 target? Alhamdulillah, the price performed exactly as expected and went up to around 0.184 (0.18+) high.
Now after such a sharp pump, the market is showing exhaustion and getting rejected from the resistance zone. Now it’s time to look for a short from here and make some good profit.
Asset: $龙虾 Perp
Direction: Short
Entry 0.170–0.178
Stop Loss : 0.220
Take Profits :
TP1: 0.150
TP2: 0.130
Final TP: 0.100
Reason:
Target Reached & Resistance Rejection: Price reached near the targets we mentioned and faced strong resistance, where sellers became active.
Pump Exhaustion: After such a fast move upward, profit-taking can happen, which can push the market into a sharp correction.
Guys, remember a few days ago i told you how this coin was moving toward the 0.20 target? Alhamdulillah, the price performed exactly as expected and went up to around 0.184 (0.18+) high.
Now after such a sharp pump, the market is showing exhaustion and getting rejected from the resistance zone. Now it’s time to look for a short from here and make some good profit.
Asset: $龙虾 Perp
Direction: Short
Entry 0.170–0.178
Stop Loss : 0.220
Take Profits :
TP1: 0.150
TP2: 0.130
Final TP: 0.100
Reason:
Target Reached & Resistance Rejection: Price reached near the targets we mentioned and faced strong resistance, where sellers became active.
Pump Exhaustion: After such a fast move upward, profit-taking can happen, which can push the market into a sharp correction.
