$MINA Short setup
Entry Zone: 0.1020 – 0.1050
TP1: 0.0973
TP2: 0.0910
TP3: 0.0850
SL: 0.1100
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Long or Short, which is better?
Based on this chart, Short is definitely better. The price has crashed by over -28% and is in a strong downtrend. It is trading way below all key moving averages (MA7, MA25, MA99).
Trying to go Long right now is very risky (catching a falling knife). The best strategy is to wait for a small relief bounce (around 0.1020 - 0.1050) and open a Short. If the 24h low at 0.0973 breaks, the price will likely drop further.
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Entry Zone: 0.1020 – 0.1050
TP1: 0.0973
TP2: 0.0910
TP3: 0.0850
SL: 0.1100
---
Long or Short, which is better?
Based on this chart, Short is definitely better. The price has crashed by over -28% and is in a strong downtrend. It is trading way below all key moving averages (MA7, MA25, MA99).
Trying to go Long right now is very risky (catching a falling knife). The best strategy is to wait for a small relief bounce (around 0.1020 - 0.1050) and open a Short. If the 24h low at 0.0973 breaks, the price will likely drop further.
#BinanceSquareTalks #Write2Earn