*I don't place trades based on trend lines but just act as a guide of how price action behaves.
Diagonal trend line which supported price on the way up is now broken and currently being tested as resistance.
That being said price is holding up pretty well as the MA is acting as a support which will be my trigger to go SHORT if broken. Add to that the weekly open resistance confluence and 100K retest is the first Short target and if markets overreact which they normally do then sub 89K is not off the books.
Stay safe
Diagonal trend line which supported price on the way up is now broken and currently being tested as resistance.
That being said price is holding up pretty well as the MA is acting as a support which will be my trigger to go SHORT if broken. Add to that the weekly open resistance confluence and 100K retest is the first Short target and if markets overreact which they normally do then sub 89K is not off the books.
Stay safe
Trade active
This where you SHORT this bih down to 98KFor those already Short this where you add to position with a training stop.
Note
I mean 90K ;)
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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.