Short Entry upon Channel Breakdown
Updated
It's Snipe O'Clock!
Let's see if this will play out.
We can short upon a clean breakdown of this channel.
TP1 at $0.0135
TP2 at $0.00866
Please ensure risk management and stop-loss (trailing $0.0142, $0.0152 $0.01562) as this coin has a pump-and-dump nature. It might pump to the upper channel first before the next drop.
Happy Sniping!
- AKRO pumped over 200% in a month
- The pumps and dumps created an ascending channel
- Price is on the verge of breaking down this channel
- BTC is also bearish short-term
Let's see if this will play out.
We can short upon a clean breakdown of this channel.
TP1 at $0.0135
TP2 at $0.00866
Please ensure risk management and stop-loss (trailing $0.0142, $0.0152 $0.01562) as this coin has a pump-and-dump nature. It might pump to the upper channel first before the next drop.
Happy Sniping!
Trade closed: stop reached
Channel breakdown was unfortunately a quick long squeeze.AKRO seems to have topped out and lost momentum now.
Shorting at $0.18 - $0.19
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