1) We have range expansion to the upside, kicking off a huge gain!
2) Volatility deadened out the past week, making a descending triangle type formation. It has been hugging the lows, which is never a good sign.
3) The range broke out to the downside.
I'm not a fan of shorting crypto, but if that's your thing then go ahead. Probably take profits on your long, and look to buy in lower.
Stats are from the start of the coin to current using ~2% risk.
2) Volatility deadened out the past week, making a descending triangle type formation. It has been hugging the lows, which is never a good sign.
3) The range broke out to the downside.
I'm not a fan of shorting crypto, but if that's your thing then go ahead. Probably take profits on your long, and look to buy in lower.
Stats are from the start of the coin to current using ~2% risk.
Trade closed: stop reached
This is why I don't like shorting crypto: it's overwhelmingly positive. The uptrend is back on!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.