🎯Hypothetical Strategy
Direction Entry Type
✅ Short Value, Entry Trigger: If price retests $8.50 & rejects again Above $8.60 Stop Target $8.20 → $8.00 or if price breaks below the 50 EMA
✅ Long Momentum, Entry Trigger If price closes above $8.58 (200 EMA) with bullish candle Below $8.45 Stop Target$8.93 → $9.20
🔔 Right now, the chart leans bearish bias under 200 EMA. Flip zone rejection confirms sellers are in control — short entries are higher probability unless $8.58 is broken, also notice the Chris Moody MACD flashed red, also notice the downward parallel channel.
Please be careful
Direction Entry Type
✅ Short Value, Entry Trigger: If price retests $8.50 & rejects again Above $8.60 Stop Target $8.20 → $8.00 or if price breaks below the 50 EMA
✅ Long Momentum, Entry Trigger If price closes above $8.58 (200 EMA) with bullish candle Below $8.45 Stop Target$8.93 → $9.20
🔔 Right now, the chart leans bearish bias under 200 EMA. Flip zone rejection confirms sellers are in control — short entries are higher probability unless $8.58 is broken, also notice the Chris Moody MACD flashed red, also notice the downward parallel channel.
Please be careful
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.