Short
SI - Crypto Short in the Equity Markets
Silvergate Capital formed a Head & Shoulders topping pattern and is currently trading near critical support. We have a long way down if this breaks - plan to initiate my short position below $56.15 and scale into a full short if I see a retest and breakdown at the same level. Alternatively, if we see a countertrend rally into the 21 EMA or 50/200 SMA followed by stalling action, that is another way for me to start a short position.
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