📉 Short Position (Sell Setup - Alternative Scenario) • Entry Zone: $2,850 – $2,900 (Major Resistance Zone) • Stop-Loss: Above $3,000 • Take-Profit Targets: • TP1: $2,500 • TP2: $2,250
📌 Market Outlook: The price is currently in a downtrend but approaching a potential demand zone. A reversal from this level could lead to a bullish move toward the $2,850 resistance. However, failure to hold support may result in further downside movement.
🔔 Risk Management: Proper position sizing and stop-loss placement are crucial to mitigate potential losses. Always trade with a well-defined risk-reward ratio.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.