TRU/USDT - SHORT (Scalp/Swing)
Trade Plan:
Entry: 0.0114 – 0.0118
Stop Loss (SL): 0.0123 (Above the recent wick high)
Take Profit 1 (TP1): 0.0105
Take Profit 2 (TP2): 0.0097
Take Profit 3 (TP3): 0.0084
Why this setup?
The price is extended far beyond its moving averages after an aggressive vertical climb. We are seeing a "Long Upper Wick" at 0.0120, suggesting that sellers are stepping in to take profits. While the trend is currently bullish, the risk of a sharp "mean reversion" back to the 0.0097 support level is high. If it fails to break 0.0120 again, a deeper correction is likely.
TRUUSDT
Perp
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