Recently opened a new short position on moodeng.
Looking to scale out of this one gradually all the way down to $0.13678 area.
Time sensitive.
Stop: $0.15083 or higher
should be able to get 2.5R+ on this trade.
DTT strategy applied.
Market still not at weekly potential HL area, likely will continue to trend down until we reach there- around $0.13678- That's where I anticipate enough demand might come in to reverse the market to the upside
Looking to scale out of this one gradually all the way down to $0.13678 area.
Time sensitive.
Stop: $0.15083 or higher
should be able to get 2.5R+ on this trade.
DTT strategy applied.
Market still not at weekly potential HL area, likely will continue to trend down until we reach there- around $0.13678- That's where I anticipate enough demand might come in to reverse the market to the upside
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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.