NIO Inc Falls Hard! All Targets Hit in 15-Minute Short Trade

18 ต.ค.

Technical Analysis: NIO Inc – 15-Minute Timeframe (Short Trade)

NIO Inc presented a strong short trade opportunity, with an entry at 6.76. The price has reached all profit targets, confirming the strength of the bearish trend.

Key Levels

• Entry: 6.76 – The short trade was initiated at this level after a clear bearish signal.
  
• Stop-Loss (SL): 6.83 – Positioned above resistance to guard against potential reversals.
  
• Take Profit 1 (TP1): 6.68 – The first target was reached, confirming the initial bearish momentum.
  
• Take Profit 2 (TP2): 6.54 – Continued downside pressure pushed the price to this level.
  
• Take Profit 3 (TP3): 6.41 – The bearish momentum carried the price to this target.
  
• Take Profit 4 (TP4): 6.32 – The final profit target, marking a successful and complete trade.
  

Trend Analysis
The price remained well below the Risological Dotted trendline, affirming the strength of the bearish trend. The steady selling pressure helped achieve all targets, indicating strong downward momentum in favor of sellers.

The short trade on NIO Inc has concluded successfully, hitting all targets, with the final target at 6.32. The clear downtrend and guidance from the Risological Dotted trendline ensured a profitable trade.