Maybe not. Is this a short long term? Probably so.
Price is below the bands. Price is stretched downward with selling pressure. It is the law of life I suppose, but when a ton sell, you will see buyers as a rule, and vice versa.
I plan to short this, but I do know I can lose $ on the way down as well as the way up.
Short entry price can be as critical as long entry price. And you can make as much on the way down as you did on the way up.
Mirror in the sky?
Price is below the bands. Price is stretched downward with selling pressure. It is the law of life I suppose, but when a ton sell, you will see buyers as a rule, and vice versa.
I plan to short this, but I do know I can lose $ on the way down as well as the way up.
Short entry price can be as critical as long entry price. And you can make as much on the way down as you did on the way up.
Mirror in the sky?
Note
No recommendation
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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.