Reasons to short:
Divergence of price and RSI on Daily chart indicating the possible pullback. However, traders should know the divergence could last for a long time. I count the candles, almost 15 days. If you short based on this, you would be stopped out from day 1.
Huge selling pressure from previous high area of USD20000.
I don't find qualified buy zone of 16091-16141 which is the Fib and flip zone.
The two short setups are based on 2h chart for quick profit. From the chart, the momentum is still up on the daily.
T1: 1.5 Stop loss, T2: 3 SL above or trail the stops.
Divergence of price and RSI on Daily chart indicating the possible pullback. However, traders should know the divergence could last for a long time. I count the candles, almost 15 days. If you short based on this, you would be stopped out from day 1.
Huge selling pressure from previous high area of USD20000.
I don't find qualified buy zone of 16091-16141 which is the Fib and flip zone.
The two short setups are based on 2h chart for quick profit. From the chart, the momentum is still up on the daily.
T1: 1.5 Stop loss, T2: 3 SL above or trail the stops.
ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน:
Huge gap up and got stopped out @ the first setup. Price touched the entry level of the second short zone, reacted by 1+ SL and penetrated thru the zone. Market is really volatile...
plan your trade and trade your plan
