Compound
Short

COMPUSD (1H) - Bearish breakout

198
Hi Traders

COMPUSD (1H Timeframe)

The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 51.85 support level. Only the upward break of 53.50 would cancel the bearish scenario.

Trade details

Entry: 51.85
Stop loss: 53.50
Take profit 1: 50.83
Take profit 2: 49.18

Score: 8
Strategy: Bearish breakout

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.