Switching back to a short for the short term
Updated
Hi everyone,
I'm back with another simple Idea.
Scaling in my short entry around: 97xx-99xx
PT: 91xx-92xx
We failed to break the previous local highs on the daily and can't really make the push past 9900.
I am fully expecting a retrace here to the mid to lower 9k's.
Stop loss at 10150 and let her ride.
Reasons:
1. We've hit sell counts on every hourly chart from 1h to 4h.
2. Potential Bearish Div on RSI
3. 40 Straight hours of green candles on the 4h, people will be taking profits.
I am not an advisor and these are merely suggestions
Good luck to all.
I'm back with another simple Idea.
Scaling in my short entry around: 97xx-99xx
PT: 91xx-92xx
We failed to break the previous local highs on the daily and can't really make the push past 9900.
I am fully expecting a retrace here to the mid to lower 9k's.
Stop loss at 10150 and let her ride.
Reasons:
1. We've hit sell counts on every hourly chart from 1h to 4h.
2. Potential Bearish Div on RSI
3. 40 Straight hours of green candles on the 4h, people will be taking profits.
I am not an advisor and these are merely suggestions
Good luck to all.
Note
Price target already hit on that dump. Closed for easiest money of my life
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