Mission: Anticipating a downside move as $LQTY taps resistance.
Trade Details:
Position: Short
( -_•)Entry Price: 0.8735
❌🛑Stop Loss: Above key resistance level to limit exposure
Technical Rationale
Resistance Level: $LQTY has approached a resistance level, showing signs of potential reversal.
Bearish Sentiment: If resistance holds, the setup favors a short position with a strong risk-to-reward profile.
Risk Management
Stop-Loss Strategy: Tight stop above resistance to protect against upside risks.
Position Sizing: Ensure position size aligns with risk tolerance and stop loss placement.
Trade Details:
Position: Short
( -_•)Entry Price: 0.8735
❌🛑Stop Loss: Above key resistance level to limit exposure
Technical Rationale
Resistance Level: $LQTY has approached a resistance level, showing signs of potential reversal.
Bearish Sentiment: If resistance holds, the setup favors a short position with a strong risk-to-reward profile.
Risk Management
Stop-Loss Strategy: Tight stop above resistance to protect against upside risks.
Position Sizing: Ensure position size aligns with risk tolerance and stop loss placement.
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.
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.