Short entry - several RSI-divergences forming

20 ต.ค. 2024

Price got rejected at the short liquidity zone around 70K.
Two RSI divergences at the last high.
Possible short entry with tight stop and 1 : 3 profit target.

21 ต.ค. 2024

บันทึก

Pending order got filled today.
Made a mistake, profit target is 1 : 2.5, not 1 : 3, to close the breakout from 14th October.
There is a chance that the breakout from 11th October will be closed as well, which will give us a profit target of 1 : 3.5 - 4.
Next breakouts to close then would be 17th and 9th September.

26 ต.ค. 2024

บันทึก

I suggest to close the trade.
Between 23rd and 25th October a strong RSI divergence was formed and currently we're seeing the building of a W-pattern. At this point the trade rather seems to hit the stop loss.