$THE USDT Short Trade Setup!🔥💯
Market Outlook: THEUSDT is respecting a descending price channel on the 15-minute chart, signaling potential bearish momentum continuation.
Entry Point: $1.4300 (below the current candle’s close, confirming the channel breakout).
Take Profit (TP):
1. TP1: $1.4000
2. TP2: $1.3700
Stop Loss (SL): $1.4600 (above the upper trendline of the channel to manage risk).
Trade Rationale: The price is consolidating near the lower trendline, and a breakdown can lead to further downside. Volume confirmation will strengthen the trade setup.
Risk Management: Use a 2% risk allocation per trade. Adjust lot size based on account size and SL distance.
Advice: Monitor price action closely near $1.4000. Secure partial profits and trail SL to breakeven after hitting TP1.