April 29th Bearish Scenario
This position is contingent on the idea that we may have reached some sort of top. If price retraces I would expect it to at least come down to the green box along with the potential outlined targets. As mentioned in my bullish scenario this could be a bull trap so if the momentum is there this might be the beginning of a bigger correction, will be leaning more bearish if the purple rising support trendline is broken and candles close below it (hourly, and a 4hrly).
Order cancelled
Never entered the sell zone - pump has made targets obsolete. Took profit from bullish scenario. Waiting for market to calm itself.
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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.