đ» $2Z Trade Setup â Bearish Breakdown in Play
Iâm watching $2Z (DoubleZero) â the chart shows a clear downtrend continuation after failing to reclaim key support levels. The recent rejection from a lower high confirms strong bearish momentum, and price action inside a descending channel signals more downside ahead.
Hereâs my trade plan:
Entry Zone: Below âč112
Targets:
1ïžâŁ âč98
2ïžâŁ âč88
3ïžâŁ âč77
Stop Loss: âč122
Why this setup works:
$2Z is consistently making lower highs and lower lows â classic downtrend behavior. The rejection near resistance and the fading volume on bounces confirm that buyers are weak. A break below âč112 opens clean space toward the next supports, giving a solid short opportunity with strong risk-to-reward potential.
Iâm risking only 1â2% per trade, keeping stops tight and planning to trail after TP1 to secure profits. Structure is clean, momentum is bearish, and price action supports continuation â Iâm staying on the short side until the trend shifts.
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