To be honest, $GENIUS this bounce couldn't hold up, clearly getting pushed back at these highs. The price is forming lower highs, and sell orders are gradually increasing, so the short-term bearish signals are pretty obvious.
However, this coin had a strong run before, so the retracement might be deeper than expected. If it breaks key support, there could be significant downside, making it a good opportunity to short.
But the problem is, in this kind of volatile market, it's crucial to set your stop-loss right; don't get greedy. If it indeed moves down as anticipated, taking profits in batches would be a safer bet.
Strategy:
Entry Price: 0.105-0.112
Stop-Loss: 0.098
Take Profit:
TP1: 0.0158,
TP2: 0.0150,
TP3: 0.0140,
#GENIUS #交易信号 #contract
However, this coin had a strong run before, so the retracement might be deeper than expected. If it breaks key support, there could be significant downside, making it a good opportunity to short.
But the problem is, in this kind of volatile market, it's crucial to set your stop-loss right; don't get greedy. If it indeed moves down as anticipated, taking profits in batches would be a safer bet.
Strategy:
Entry Price: 0.105-0.112
Stop-Loss: 0.098
Take Profit:
TP1: 0.0158,
TP2: 0.0150,
TP3: 0.0140,
#GENIUS #交易信号 #contract