Note
My first target has reached, sold 60% of my short from 9k avg just like I mentioned in my video, looking for some bounce now and add more to my short 8700-8900 or higher if we get there, 7k is still my main targetNote
Now I’m waiting for daily close, if we manage to close above 200Ema and 200ma we might see continuation higher. If we close below these we will likely see a continuation to downside.Note
we closed below 200EMA on daily , i added to my short at daily closing $8105, i have more shorts at $8240 (4hr 10 EMA)
if we break 10EMA on 4hr there will be move up to next resistance local high at $8750 and or 10EMA on daily which will be at similar price point on next 2 candles
200EMA and 200MA on daily is still a resistance, if we successfully close daily above and hold there, it will give bull a chance to reverse and confirm a bottom, until than pressure is still to downside
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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.