If you are not viewing this collapse with the eyes of a surgeon, you will get trapped in the liquidity that the market is sweeping right now. The breakdown of the descending triangle at $0.1600 was the definitive signal that supply took absolute control of the price. 📉
The optimal entry is a Short at $0.1512 looking for the retest of the broken area or taking advantage of the continuation of the current strong candle. The price has invalidated the dynamic support and now we are looking for lower capitulation levels where historically there is buyer interest. 🧐
Stop Loss: $0.1650 to protect ourselves from a fakeout above the bearish trendline. 🚫
Take Profit: $0.1280 aiming at the previous volume base. 🎯
IOUSDT
Perp
0.1447
-9.16%