Short on $ADA Cardano

Daily showed a shooting star-like candle that exhibited an upper wick much larger than the body of the candle. The wick featured a touch of resistance and a fib level. Price is currently towards the top of the 4H and 1D bbands with 1H and lower TFs displaying a BBand Squeeze. I expect the move to be in the downward direction.

Target: Previous daily resistance in hopes that it retests that level as support.

2/3 of my stop is trailing from above the wick
1/3 is stationary above the wick

I am weary of a stop run above the previous daily wick before downward continuation.

May the MMs be with me.

Trade active

Note

Short vv underwater. A major short squeezed boosted price up.

A Regular Bear Div has appeared on the 4H. Thinking about adding to my short in order to DCA up

Note

In retrospect, my entry was piss poor. I shorted no-mans-land. When I usually like to short resistance w/ divergence. Ideally volume divergence.

Note

The 4H did not print with a bull div. Missed it buy a little bit. but the candle finished well off the high. Sign of weakness.

4H stoch is crossing up. Ideally I'd like to see a bearish recross below the midpoint.

4H wavetrend in need of a correction desperately. Fits my bias, so I'll be watching it

Trade closed: stop reached

AzorAhai06

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AzorAhai06

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