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Huang Yu | 1000SATS/USDT Short: Touching Resistance Zone, Expecting a Pullback Correction
Market Observation:
1-Hour Chart shows that after a short-term continuous surge, the price is now approaching the upper purple resistance zone (around 0.0000258). Although the current momentum is strong, due to the excessive short-term rally, indicators have entered the overbought area, and as the price moves up toward the resistance level, the growth rate is beginning to slow, indicating that selling pressure above is gradually emerging.
Trading Logic:
A pullback setup blocked by resistance levels. Use the opportunity when the price enters the previous liquidity-rich area (purple box) to establish short positions, aiming to profit from the technical correction after the rally slows down.
Parameter Settings:
Entry (Entry): Around 0.0000258 (or enter a light position within the resistance zone at the same price).
Stop Loss (SL): 0.0000281.
Take Profit (TP): 0.0000182.
Reminder: Cryptocurrency markets are highly volatile. Currently, the bullish momentum for 1000SATS has not fully dissipated, and shorting is a contrarian move. Be sure to strictly execute stop-loss orders and control your position size according to your risk tolerance!