Is it time to take some benefits on this trade?
Hello,
Since our opening short on Beyond meat around $ 156, the price has only gone down as our analysis predicted.
Is this a reason to start taking our profits?
Personally I do not think, but it depends on several parameters.
I am on this trade with a leveraged CFD * 2, so I am at over 28% profit (- contract fee). But I think this trade is much more buoyant, for the simple reason that the RSI is heading towards the sales area, the price oscillator has been rejected from the middle zone too, and the slow average has again crossed the fast average MACD down.
The rest of the month looks good on this operation, but if you have much more leverage than mine, namely * 10 or * 20 I think it is better to take some profits already because we are not immune to a rebound towards 145 dollars before continuing to descend.
If you like the idea, please do not forget to like it, it will give it visibility with other traders.
If you think differently, do not hesitate to send me your comments.
Have a nice trade
Since our opening short on Beyond meat around $ 156, the price has only gone down as our analysis predicted.
Is this a reason to start taking our profits?
Personally I do not think, but it depends on several parameters.
I am on this trade with a leveraged CFD * 2, so I am at over 28% profit (- contract fee). But I think this trade is much more buoyant, for the simple reason that the RSI is heading towards the sales area, the price oscillator has been rejected from the middle zone too, and the slow average has again crossed the fast average MACD down.
The rest of the month looks good on this operation, but if you have much more leverage than mine, namely * 10 or * 20 I think it is better to take some profits already because we are not immune to a rebound towards 145 dollars before continuing to descend.
If you like the idea, please do not forget to like it, it will give it visibility with other traders.
If you think differently, do not hesitate to send me your comments.
Have a nice trade
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