Short
Short Entry upon Channel Breakdown
It's Snipe O'Clock!
Let's see if this will play out.
We can short upon a clean breakdown of this channel.
TP1 at $0.0135
TP2 at $0.00866
Please ensure risk management and stop-loss (trailing $0.0142, $0.0152 $0.01562) as this coin has a pump-and-dump nature. It might pump to the upper channel first before the next drop.
Happy Sniping!
- AKRO pumped over 200% in a month
- The pumps and dumps created an ascending channel
- Price is on the verge of breaking down this channel
- BTC is also bearish short-term
Let's see if this will play out.
We can short upon a clean breakdown of this channel.
TP1 at $0.0135
TP2 at $0.00866
Please ensure risk management and stop-loss (trailing $0.0142, $0.0152 $0.01562) as this coin has a pump-and-dump nature. It might pump to the upper channel first before the next drop.
Happy Sniping!
Trade closed: stop reached
Channel breakdown was unfortunately a quick long squeeze.AKRO seems to have topped out and lost momentum now.
Shorting at $0.18 - $0.19
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.