Hi All,
As you can see from my previous trade, I close my trade at the level around $150 because the price action showed correction was coming.
The price has been testing on this level $149 zone 3 times which shows this level is pretty strong level where bears keep pushing the price down. In addition, the price is still below 100 EMA as well which is showing again bears are in control. Lastly, in 4 hours time frame, has printed hang in man red candle.
I enter the trade at $148.50, TP $140, SL 148.50. Let's hope it play out well.
Good luck traders,
Redpanda trader
As you can see from my previous trade, I close my trade at the level around $150 because the price action showed correction was coming.
The price has been testing on this level $149 zone 3 times which shows this level is pretty strong level where bears keep pushing the price down. In addition, the price is still below 100 EMA as well which is showing again bears are in control. Lastly, in 4 hours time frame, has printed hang in man red candle.
I enter the trade at $148.50, TP $140, SL 148.50. Let's hope it play out well.
Good luck traders,
Redpanda trader
Trade closed: stop reached
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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.