Here, a strong strategy for short positions on “Binance Life / USDT” (Binance Life) is being presented. According to the chart, this token has already risen by +41.95% and reached a 24-hour high of 0.5500. Therefore, one should be very cautious in shorting as it is a meme coin and very volatile.
🔻 Strategy for Short Position
1. Entry Zone (When to Short?)
· First Short (Aggressive): Between 0.5100 – 0.5250
· Second Short (After Confirmation): 0.5300 – 0.5450 (if the price goes back up and gets rejected)
· Best Short Entry: When the price approaches 0.55 (24h high) and gets rejected with a wick.
2. Stop Loss (SL)
· Strict SL: 0.5600 (slightly above the 24h high)
· Conservative SL: 0.5750 (if the bullish trend continues)
3. Target (TP - Take Profit)
· TP1 (First Target): 0.4500 (psychological support)
· TP2 (Second Target): 0.3800 (near MA7)
· TP3 (Third Target): 0.3300 (below MA7)
· Final TP: 0.2500 – 0.2000 (if the bullish trend fails)
✅ Final Strategy (Summary)
Entry: 0.5300 – 0.5450
SL: 0.5600
TP1: 0.4500, TP2: 0.3800, TP3: 0.3300$BTC $ETH
🔻 Strategy for Short Position
1. Entry Zone (When to Short?)
· First Short (Aggressive): Between 0.5100 – 0.5250
· Second Short (After Confirmation): 0.5300 – 0.5450 (if the price goes back up and gets rejected)
· Best Short Entry: When the price approaches 0.55 (24h high) and gets rejected with a wick.
2. Stop Loss (SL)
· Strict SL: 0.5600 (slightly above the 24h high)
· Conservative SL: 0.5750 (if the bullish trend continues)
3. Target (TP - Take Profit)
· TP1 (First Target): 0.4500 (psychological support)
· TP2 (Second Target): 0.3800 (near MA7)
· TP3 (Third Target): 0.3300 (below MA7)
· Final TP: 0.2500 – 0.2000 (if the bullish trend fails)
✅ Final Strategy (Summary)
Entry: 0.5300 – 0.5450
SL: 0.5600
TP1: 0.4500, TP2: 0.3800, TP3: 0.3300$BTC $ETH