#FLUX/USDT#FLUX
The price has been moving in a descending triangle since April 2022
This pattern was broken by breaking the downtrend
Moving average 100 was broken
Supported by oversold on MACD
Current price 0.5090
First target 0.8465
Second goal 1.08
You should pay attention to the correction points on the chart
Fluxcharts
LONGING $TSLAI am opening up a long position on NASDAQ:TSLA for the following reasons.
We are in a huge bounce area. On the 4 hour timeframe:
There's a clear trendline forming which we are retesting
Retesting a 4 hour order block
Retesting lower band of Bollinger Bands (Nadaraya smoothed)
Aside from technicals, we have earnings coming up which is our catalyst. This is a very risky trade and I'm only risking 0.25%.
Take Profit 1: 225.81
Take Profit 2: 243.67
Take Profit 3: 256.65
Stop Loss: 202.07
SHORTING $TSLAWhy I am bearish on NASDAQ:TSLA
- Rejected bearish trend line
- Rejected SFX Algo volatility bands
- WBR Forecast indicator is BEARISH
- SFX Algo lower timeframes are bearish (3 minute, 15 minute, 30 minute)
My personal trade:
Stop Loss / Take Profits:
- Entry: $244.00
- Take Profit 1: $231.40
- Take Profit 2: $205.69
- Take Profit 3: $195.56
- Stop Loss: $268.94
SHORTING $SPY (MARKETS ARE OVERBOUGHT?)Why I am bearish on the S&P 500?
- WBR Forecast indicator is BEARISH
- We are entering a key zone which we've struggled to breakout from for the past 5 months.
- Jim Cramer is bearish (Usually not a good thing lol) #inversecramer
My personal trade:
Stop Loss / Take Profits:
- Entry: $455.45
- Take Profit 1: $432.24
- Take Profit 2: $412.06
- Take Profit 3: $386.44
- Stop Loss: $464.89
The Plan:
Scale 50% of position at Take Profit 1 (TP1) and move stop loss to TP1.
Scale 50% of remaining position at Take Profit 2 (TP2) and move stop loss to TP2.
Scale rest of position at Take Profit 3.