YM Short Trade Setup
Short Trade Setup:
Entry: Look for a break below the recent consolidation low, around 39,425. A breakdown with increased selling volume could signal further downside.
Stop-Loss: Place the stop-loss just above the consolidation high or a recent resistance level, around 39,560. This minimizes risk in case of a false breakdown.
Target: Set the initial target at the previous support area of around 39,225, with the potential to extend lower if the bearish trend continues.
Entry: Look for a break below the recent consolidation low, around 39,425. A breakdown with increased selling volume could signal further downside.
Stop-Loss: Place the stop-loss just above the consolidation high or a recent resistance level, around 39,560. This minimizes risk in case of a false breakdown.
Target: Set the initial target at the previous support area of around 39,225, with the potential to extend lower if the bearish trend continues.
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