1. Generally: After strong reduction yesterday, price is now moving sideway. As my analysis, price completed lower following bottom at 17,078(closing price). Beside, price is also creating lower top by many reversal candle stick patterns (evening star, harami). So, we have enough conditions for confirming that downward movement will be kept continued. Because of these above reasons, I propose a SHORT position as below:
1. Position: SHORT
2. Leverage: 50-70x
3. Entry price: Current price
4. Take-profit price: Fibonacci extension 1,272 of previous upward movement - 17028.2
5. Expected TP time: 4h15m.
Noted that this is just my individual idea, not financial advice. Beside, this is scalping type, high risk so that PLEASE consider carefully before entering position.
1. Position: SHORT
2. Leverage: 50-70x
3. Entry price: Current price
4. Take-profit price: Fibonacci extension 1,272 of previous upward movement - 17028.2
5. Expected TP time: 4h15m.
Noted that this is just my individual idea, not financial advice. Beside, this is scalping type, high risk so that PLEASE consider carefully before entering position.