MAGIC Short
MAGICUSDTIf the price reaches or gets close to the indicated area, it is a good idea to make a short, I consider that it is a fairly safe and good trade.
Trade closed manually
I forgot to mention that I had 2 take profit levels set, the first one slightly above 0% and the second one at -27.2%. The first take profit was reached by closing 50% of the position. Then, upon seeing the first strong bullish candle appear, I manually closed the rest of the position, remaining in profit.
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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.