$UVXY market rally slowing down? 👁🗨
Updated
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Bitcoin and the US markets all seem to be losing steam after rallying for the majority of the month of March. My team is now expecting the markets to retrace and behave bearish leading into the month of April.
Some US states have been proposing a possible stimulus check to residents to help fight inflation. This may send the markets higher, but in our opinion, this would be an ignorant course of action and it is unlikely to pass. We believe that this would only delay the inevitable recession and cause the inflation situation to grow even worse. With this unlikely scenario being said, we still believe that now is the time to position ourselves defensively against the market.
My team will be using
UVXY again as our market hedge, and we hope to come out on top with it just as before.
We enteredUVXY today at $14.25 per share. Our take profit is set at $18 with a stop loss at $13.25.
ENTRY: $14.25
TAKE PROFIT: $18
STOP LOSS: $13.25
If you want to see more, please like and follow us SimplyShowMeTheMoney
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Bitcoin and the US markets all seem to be losing steam after rallying for the majority of the month of March. My team is now expecting the markets to retrace and behave bearish leading into the month of April.
Some US states have been proposing a possible stimulus check to residents to help fight inflation. This may send the markets higher, but in our opinion, this would be an ignorant course of action and it is unlikely to pass. We believe that this would only delay the inevitable recession and cause the inflation situation to grow even worse. With this unlikely scenario being said, we still believe that now is the time to position ourselves defensively against the market.
My team will be using
UVXY again as our market hedge, and we hope to come out on top with it just as before. We entered
UVXY today at $14.25 per share. Our take profit is set at $18 with a stop loss at $13.25.ENTRY: $14.25
TAKE PROFIT: $18
STOP LOSS: $13.25
If you want to see more, please like and follow us SimplyShowMeTheMoney
Comment
We think that we should consider giving this until Thursday even if our stop loss gets hit. We are seeing all of the indicators that incline us to believe that a market correction is around the corner.Comment
Get ready to see some upward movement on UVXY. We should be at our take profit within the next 10 trading days.
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