SKHYNIX/USDT — 5M CHART
📊 The Setup: Price was approaching a strong resistance zone around 1247.7–1248.3. After multiple reactions around this area, I was watching closely for a clear rejection and confirmation before taking the trade.
🔻 Trade Entry: Once the price showed rejection from resistance and bearish momentum started building, I took the SHORT/SELL setup.
🎯 Take Profit: The target was placed near the 1242.5 support zone.
And the move played out beautifully. 🚀📉
Price dropped from the resistance area and eventually reached the planned TP zone. ✅🎯
🔥 Trade Breakdown: ➡️ Resistance identified
➡️ Rejection confirmed
➡️ SHORT/SELL entry taken
➡️ Bearish momentum followed
➡️ TP reached at the support area ✅
This is why I focus on price action, resistance/support zones, confirmation, and risk management rather than blindly chasing a move.
📌 Plan the trade. Wait for confirmation. Execute with discipline.
⚠️ This is a technical analysis example, not financial advice. Always manage your risk and DYOR.
#Crypto #Binance #cryptotrading #trading $SKHYNIX
