Professional Short Trade Signal: $USUAL/USDT
Signal Details:
Entry Price: $1.2580
Take Profit (TP):
TP1: $1.2200
TP2: $1.1800
Stop Loss (SL): $1.2900
Analysis:
1. The price is trending within a descending channel, indicating bearish momentum.
2. Momentum is weakening, as evidenced by declining highs.
3. Strong resistance is identified near $1.3000.
4. A breakdown below $1.2600 signals potential for further downside.
Trade Strategy:
1. Enter the trade on a retest or continuation near $1.2580.
2. Set a stop loss just above the resistance line at $1.2900 to limit risk.
3. Target $1.2200 for the first take profit and $1.1800 for the second to maximize returns.
Risk-Reward Ratio: Favorable, offering efficient ..