The Price has closed below the daily support on 8 May and has also retested the broken. support as new resistance.
A Short can be initiated at Current market price.
This is a SWING TRADE
Entry- 0.0194
Stop Loss- 0.0204
Although if daily candle closes back above the broken support, then exit the trade and no need to wait for stop loss to hit
Target- Final target is 0.0156 but keep booking profits in between and trail you stop losses
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
A Short can be initiated at Current market price.
This is a SWING TRADE
Entry- 0.0194
Stop Loss- 0.0204
Although if daily candle closes back above the broken support, then exit the trade and no need to wait for stop loss to hit
Target- Final target is 0.0156 but keep booking profits in between and trail you stop losses
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。