Short Entry after Exponential Move
Greetings, Snipers!
If you are currently long, I would suggest taking partial profits.
In the shorter time frame:
Shorting now is too risky, as price is still consolidating despite a sharp increase.
We can patiently wait to see if the price would reach the $25 area, then short and close at $13.3 for a Risk-Reward ratio >4 (SL at $27.2).
Please be cautious as this is a high-risk trade with potential quick profits. You can wait for a breakout confirmation to the downside.
Happy Sniping!
- Aptos has increased over 400% in less than 1 month
- The price is rising exponentially as it is now above the trendline of previous peaks
- Major correction is inevitable sooner or later
- A peak at $25 would correlate previous price actions to the Fib levels perfectly
If you are currently long, I would suggest taking partial profits.
In the shorter time frame:
Shorting now is too risky, as price is still consolidating despite a sharp increase.
We can patiently wait to see if the price would reach the $25 area, then short and close at $13.3 for a Risk-Reward ratio >4 (SL at $27.2).
Please be cautious as this is a high-risk trade with potential quick profits. You can wait for a breakout confirmation to the downside.
Happy Sniping!
Trade closed: target reached
Short target reached!Congrats to those that took the trade!
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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.