Short

Stella Lumens overextended!

Updated

Type: Short
Entry: 0.2858
Stop: 0.2931
Take Profit: 0.2481

Bulls are strong but this gonna calm down.

Rationale
- Key resistance level (0.2829)
- Over sold on higher timeframe
- Cloud & EMA indicators show price diverging away from the mean

This is a counter trend trade to profit from a retracement.

Note

Adjusted the stop loss

snapshot

learnt that the key support level is more confluent at this level

Trade closed: stop reached

the fomo is too strong, stopped out

Also on:

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