🔻 Short Trade Setup
Type: Short (mean reversion play)
Entry Zone: $6.60 – $6.70 (near resistance and top wick rejection)
Stop-Loss: $6.92 (above previous swing high)
Target Profits:
TP1: $6.00 (minor support)
TP2: $5.40 (strong support from previous breakout zone)
TP3: $4.80 (deep correction zone if selling pressure continues)
Risk–Reward Ratio:
From $6.65 entry →
TP1 = 1:2
TP2 = 1:3.5
TP3 = 1:5
📊 Trade Logic
After a strong rally, price tends to retest previous breakout supports as traders take profit.
Candles show smaller body sizes near top → momentum weakening.
RSI likely overbought (typical in parabolic tops).
✅ Probability of Profit
Short-term correction (TP1): ~75%
Deeper retracement (TP2–TP3): ~55–60%, depending on market sentiment and funding rate cooling.
