ALot of short positions have been built up in Moodeng and many are liquidated too. however this time a clear bear divergence is seen on 4Hr time frame from a previous resistance zone of Fib. extension. seeing other confluences like
1.drop in volume,
2. dropping MFI and DMI
3 coinglass liquidation building up larger in lower price then higher, making it magnetic pull towards low price
4. lower long/short ratio despite of high price on 4h TF
It is safe to say that short position can be built in moodeng
here is the setup. I suggest less then 5 leverage as it could be risky trade
1. short at CMP if you don't want to miss the trade
entry 2. 0.2715
DCA at 0.31
SL. 0.321
TP 1. 0.202
TP 2. 0.168
This make your risk to reward ratio of 2.5 collectively. Happy earning
1.drop in volume,
2. dropping MFI and DMI
3 coinglass liquidation building up larger in lower price then higher, making it magnetic pull towards low price
4. lower long/short ratio despite of high price on 4h TF
It is safe to say that short position can be built in moodeng
here is the setup. I suggest less then 5 leverage as it could be risky trade
1. short at CMP if you don't want to miss the trade
entry 2. 0.2715
DCA at 0.31
SL. 0.321
TP 1. 0.202
TP 2. 0.168
This make your risk to reward ratio of 2.5 collectively. Happy earning
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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.
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.