Just recently opened a short position on later. It doesn't appear to me that the dump is over as the market keeps trending down making , the bears are still in strong and market broke pass prior levels that could have been used as a demand area. The fact that they broke shows weak demand so market will likely all lower until it reaches and area where its favorable for a lot of demand to come in.
That price is $0.7350- conservative price.
Main target is $0.67 area
Stop: $0.8 or higher.
That price is $0.7350- conservative price.
Main target is $0.67 area
Stop: $0.8 or higher.
Note
Adjusted layer short dump
Note
Exited 50% of layer short
Note
Full exit
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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.