📉 $SLF /USDT Short Trade Setup! 🚨
📊 Current Price: $0.2069 (-2.64%)
🔍 Market Observations:
✅ Downtrend Confirmation: $SLF/USDT is following a strong descending trendline (blue line), indicating continuous selling pressure.
✅ Bearish Breakdown: The price has broken below $0.2060, a key support level, signaling a potential deeper drop.
✅ Increased Selling Momentum: The red candlesticks with lower highs suggest strong bearish sentiment.
Trading Strategy: Short Setup 📉
🔴 Entry: Below $0.2069
🔴 Stop Loss: $0.2202 (Above resistance)
🟢 Take Profit Targets:
✅ TP1: $0.1900
✅ TP2: $0.1800
✅ TP3: $0.1713
Bearish Confirmation:
A close below $0.2060 will validate further downside potential.
If the price fails to recover above $0.2069, expect continued decline.
⚠️ Risk Management:
If price closes above $0.2202, consider exiting short positions.
📌 Conclusion:
$SLF/USDT is showing strong bearish momentum, breaking critical support levels. A move towards $0.1713 seems likely if selling pressure sustains. Trade cautiously and follow the trend! 📉🔥
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