Short SUSHI
Updated
Hi All,
I am quite new to trading but am really enjoying the shorting process.
Please take this with a grain of salt as I am too new to be giving anyone any recommendations.
The following method has been applied to the chart:
1) Running the Fib retracement tool from the lowest point to the highest point (for today only)
2) Confirmed that the MACD has crossed to confirm the shorting position
3) Take profit is set at the 0.5 Fib retracement line (although if you have a higher risk appetite than me, then you could go to the 0.65 Fib line)
Happy trading and good luck ;)
I am quite new to trading but am really enjoying the shorting process.
Please take this with a grain of salt as I am too new to be giving anyone any recommendations.
The following method has been applied to the chart:
1) Running the Fib retracement tool from the lowest point to the highest point (for today only)
2) Confirmed that the MACD has crossed to confirm the shorting position
3) Take profit is set at the 0.5 Fib retracement line (although if you have a higher risk appetite than me, then you could go to the 0.65 Fib line)
Happy trading and good luck ;)
Note
Correction 0.618 line NOT the 0.65 line!
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