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50retracement

PM 50%This week I've been watching my scans for signals that fit my strategy. I have not yet seen potential trades that fit my strategy; bullish nor bearish. Today I got two signals that fit my criteria on NYSE:PM and NASDAQ:LRCX ; shorts. PM is looking to hold a 50% level. LRCX is setting up a potential double top. I'm not yet sure of the market sentiment coming into this year. Shorts in a bull market are obviously a low probability. These two are going to serve as test cases to watch from the sidelines. Depending on if they work or not I will have my first clue of 2021.
NYSE:PMShort
by norok
Interested in Comp/USD at this level.I like what I see on this asset at this level, though I wish there was more price history to validate support because it just recently "bottomed", but we all know that could go out the window on a significant fundamental move or maybe even another push higher by BTC. Reasons: 1.) I like that it is near bottom of value and definitely in the location where I seek out potentially profitable assets. 2.) It was embedded oversold for a few months and now has emerged and even put a double bottom in, if it remains that way after close. 3.) There is clearly a lot of work to be done on the volume profile, but a return to the 50% level would put us above value and at significant return. 4.) There is a cute double bottom working in price action. 5.) Multiple moving average convergence, YES! What I would like to see improve: COINBASE:COMPUSD 1.) Would like to see green volume impetus 2.) Would like to see OBV turn up and cross moving average. 3.) Wish I had some support from past price action. I also like relatively low circulating supply. *This is for entertainment purpose only and should not be construed as financial or trading advice. DYOR.
COINBASE:COMPUSDLong
by Cryptough