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$DELTA /USDT Perp – "Bearish Continuation – Short"**


**Trading Plan Short $DELTA
Entry: 0.00780
SL: 0.00820
TP1: 0.007576
TP2: 0.007400
Explanation: DELTA is in a downtrend from the 0.008764 high. The current bounce is facing resistance at the 0.008395 yellow line. With MACD slightly negative, shorting the rally targets the purple support at 0.007576, with a secondary target at 0.007400
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DELTADELTA-0.74%

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Comment 8
AllWeatherLP
The short order is placed, with the SL set at 0.00820. It feels quite wide; hopefully it won’t get swept.
BitcoinPerpetual
Can the purple support at 0.007576 hold? Feels like dropping further would mean falling into the 0.0074 abyss.
GateUser-307216ad
DELTA’s trend is textbook: it has steadily drifted lower from the high, with every rebound providing fuel for the bears. See you at 0.0074.
PositionReferee
0.008395 is indeed acting as very strong resistance; if MACD turns negative, shorting a wave makes perfect sense.
ContractSandbox
TP1 and TP2 are quite far apart—will you take profits in batches, or wait for 0.0074 and exit all at once?
ApprovalExpiryAlarm
I've seen too many of these bearish continuation patterns lately. Shorting the rebound does indeed have a high win rate, but you need to keep a close eye on whether the yellow-line resistance stages a false breakout.
HighAmbition
How much upside is left ?
ContrarianFlag
Since dropping from 0.008764, it still hasn’t seen a meaningful rebound. With the yellow line acting as resistance this time, continue shorting—once the stop-loss is clear, it’s worth entering.