$DCR Decred Coin Short/Sell setup
Resistance / Sell Zone
Near-term resistance: $28.50 – $30.00+
Price recently exceeded the upper Bollinger Band and hit RSI >>70, indicating overbought conditions. �
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This zone has acted as supply in past ranges (bids dry up, sellers appear).
Breakdown Trigger for Shorts
Trigger short entry: Break and close below $27.00
This level sits beneath recent swing lows and near a short-term support pivot.
A confirmed breakdown (e.g., lower timeframe close below) signals sellers gaining control.
📊 Sell Entry & Targets
1) Aggressive Short (rejection at resistance)
Entry: Near $29.00 – $30.00 if you see clear rejection (long upper wicks, bearish candle patterns).
Stop Loss: Above $31.00 (above recent highs).
Targets:
Target 1: ~$27.00 (initial support)
Target 2: ~$25.00 (lower structural zone)
Target 3: ~$23.50 (deeper correction)
2) Confirmed Breakdown Short (safer)
Entry: After price closes below $27.00 on chosen timeframe (e.g., 1H/4H).
Stop Loss: Just above breakdown level (~$27.80).
Targets:
Target 1: ~$25.50
Target 2: ~$24.00
Target 3: ~$22.50
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