DAY TRADE: QTUM SHORT?
QTUMUSDTPERPTrend: Downtrend H1 and H4 (Price is under the EMA 200)
Price has broken down the uptrendline and now the price is pulling back towards the trendline
there's some rejection shown by the wicks and big red candles
On TF M15 I see a potential double top pattern
I think this is a good setup for short trade
What do you guys think?
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.