1. most people in the world are holding short posisitons at the moment. 2. we target a area where we think the sellers have putted their stoplosses. 3. i dont know if the entry is perfect, but i just guess this entry is not too bad. 4. i dont know if the stoploss is optimal either.
looking to sell this when its ready to be sold, and then take profit at previous resistance now turned support.
Trading plan. wait for previous support to break and turn in to resistance where you enter the trade after hitting the "previous support turned into resistance".
Wait for breakout and retest of the trendline. stoploss is just below the retest. take profit is at green line.