Type: Short Trade 📉
Entry Point: $4.50 (or your precise entry from the chart)
Stop Loss (SL): $4.70 (marked in red) 🚫
Target 1 (T1): $4.33 (marked in yellow) 🟡
Target 2 (T2): $4.12 (marked in green) ✅
Reason for Short: Rising wedge pattern breakdown with a potential rejection near resistance at $4.70.
Confirmation: Breakdown of trendline with volume increasing on the downside.
Timeframe: 30-minute chart.
Entry Point: $4.50 (or your precise entry from the chart)
Stop Loss (SL): $4.70 (marked in red) 🚫
Target 1 (T1): $4.33 (marked in yellow) 🟡
Target 2 (T2): $4.12 (marked in green) ✅
Reason for Short: Rising wedge pattern breakdown with a potential rejection near resistance at $4.70.
Confirmation: Breakdown of trendline with volume increasing on the downside.
Timeframe: 30-minute chart.
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.
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.