Clear as water. But I wouldn’t recommend a short here, because I don’t expect price to go much further down, at least, not this weekend. I’m going to wait for the RSI to stay oversold and then entry a fast long position.
Short entry: 32.950 Stop Loss: 33.200 Take profit 1: 32.600 Take profit 2: 32.400
Simple as that. Fast short, then long again Entry point: 32.750 Stop Loss: 33.000 First Target: 32500 Second target: Close to the channel support, if the pulls back, close your position
If you followed my previou analysis, you made a good profit, price bounces exactly at the bottle of the channel, I’ll sell half of my position at 32.200 and the half waiting for a breakout of the downtrend
In my last call I said that if bulls break the top of the channel at 32.800 it would be an entry point. But the opposite happened, bears showed they’re in full control and made a huge pull back, but it respected the bottom of the channel, so That’s a good entry point with clear target and clear stop loss. Entry:31.800 Stop loss:31.400 Take profit:32.200/32.400/32.800
Entry point: 32.800 Take profit 1: 33.200 Take profit 2: 33.400 Stop Loss: 32.208
Make an entry with 1/3 of you capital now with a 50x leverage, then set another buy order with 2/3 before it gets liquidated. Stop loss: No stop loss, All In, high chance to make a huge profit. Take profit: When the RSI indicator beats 60. Trading view score 1/1 100%