We had a nice rally along side BTC and the rest of the market including the stock market.
In our previous Long trade we took some advantages of this rally.
I will be entering a short from this position for these reasons:
- Lower low and lower highs
- the 21 EMA&SMA has been a significant level where price rejected on corrective rallies
- Very strong support at the bottom of the range channel including the bull market support band
- Also with all the bankruptcy rumours and FUD - not a fan
Target: 0.49
Happy trading everyone
In our previous Long trade we took some advantages of this rally.
I will be entering a short from this position for these reasons:
- Lower low and lower highs
- the 21 EMA&SMA has been a significant level where price rejected on corrective rallies
- Very strong support at the bottom of the range channel including the bull market support band
- Also with all the bankruptcy rumours and FUD - not a fan
Target: 0.49
Happy trading everyone
Trade closed: stop reached