Short

New Short: Low Volume + Resistance = Dump

Updated

New Short: Low Volume + Resistance = Dump
Leverage: x2
Entry: $3600
Target: $3000
Stop Loss: $41000

Trade active

The volume is still low, and we think the price will not stay above the resistance.
We hold our active trade (x2) and open a new one.
Leverage: x4
Entry: $37400
Target: $30000
Stop Loss: $41000

Note

We opened them, but the market did not fill the limit orders of our Stop Loss.
So, both positions are still open.

Note

We still hold the short positions.
The timing (daily close above 41000 + 6 hours above it) did not satisfy the Stop Loss condition.

Note

We expect the price to go lower than this ($38000).
So, we hold our positions.
FYI, you can move your Stop Loss to entry for a safe ride.
We moved it a bit higher than that because we feel very Bearish.

Note

For continuation, see "RELATED IDEAS": "Bears are stronger than you think. And this is overbought."

Trade closed: target reached

Congratulations on the 🌟 profit!

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Note

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