#FOXYUSDTSpot
Short
Risk: 1%
Entry: 0.0218519 (CMP) / 0.226648
Target: 0.0183783 / 0.0130888
Stop-Loss: 0.0240
The price has closed below the resistance level, indicating a bearish change of character. This breakdown is expected to lead to a collapse of the bearish structure, with a potential dragdown to the support. We plan to enter a short position around the resistance level, with a stop-loss above the resistance, aiming to capitalize on a downward move that breaks the structure and reaches the support zone.
https://www.tradingview.com/x/UKLAVnwE/