SHORT #MOVRUSDT from $25.405
30m TF. The instrument has formed a local support level with several confirmatory touches, which may indicate a cluster of stops of long participants behind them. The coin also breaks through the levels well on history and is currently moving in a downtrend, showing the presence of limit sellers with decreasing volumes.
I am considering consolidation near the level and impulse movement on the execution of stops.
30m TF. The instrument has formed a local support level with several confirmatory touches, which may indicate a cluster of stops of long participants behind them. The coin also breaks through the levels well on history and is currently moving in a downtrend, showing the presence of limit sellers with decreasing volumes.
I am considering consolidation near the level and impulse movement on the execution of stops.
Note
As we expected, the price consolidated near the level for some timeTrade closed: target reached
The price broke through the marked level and we earned 10%.Congratulations!
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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.