Entry: Short at $5.43 on the pullback into the Fib level.
Stop-Loss: $5.55 (above the recent swing high).
Take-Profit: $5.12 (near prior support), ~2.5 R reward.
Rationale: All trend/momentum indicators (EMAs down, RSI & MACD bearish, price below VWAP) align for continued sell-off.
Stop-Loss: $5.55 (above the recent swing high).
Take-Profit: $5.12 (near prior support), ~2.5 R reward.
Rationale: All trend/momentum indicators (EMAs down, RSI & MACD bearish, price below VWAP) align for continued sell-off.
Trade closed: stop reached
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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.