Short

2024/06/10 ORDIUSDT SHORT PLAN

By C_L_Y

Updated

(4H)

(1H)
Fakeout happened at resistance of Parallel Channel (blue line)

Price breakout green trendline too

Entry Price: 59.90 (Market)
SL: 62.4 - 62.85
TP 1: 55.2
TP 2: 52.2

Note

Forgot to said another reason:
1. By looking at 1D timeframe, you can see that ORDIUSDT had 7 consecutive bullish candles.

*The probability of ORDIUSDT to continue forming 8th BULLISH candle or a BEARISH candle to create some retracement is high?

2. The body of those BULLISH Candle is small, with LONG Wick at TOP. Shows that Rejections are coming in. Those buyers who had long at bottom might start taking profit.

IF you learns from my sharing & like the way I explain my ideas. Do boost my ideas. It HELP a lots.

Have a nice day, Cheers.
by Chai~

Note

TP 1 HIT, SECURE 70-80% PROFIT. MOVE SL TO BREAKEVEN. LET THE RUNNER RUN

Note

My position:
ibb.co/hVf0dYT

Trade closed: target reached

TP 2 HIT

C_L_Y

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