Short
ROOK 4h Breakdown short
Setup: ROOK is testing its last all time low which is the green line. It is getting squeezed by the 8 EMA and there is a descending triangle formed, signaling a breakdown is happening. When the breakdown occurs, ROOK will be at an all time low
Entry: 1 ATR below the green line at 97.21
SL: 108.45( trail using 1 ATR above 8 ema)
TP: Trail using 1 ATR above 8 ema)
Entry: 1 ATR below the green line at 97.21
SL: 108.45( trail using 1 ATR above 8 ema)
TP: Trail using 1 ATR above 8 ema)
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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.