TWTR hasn’t been the same since Trump left office
TWTR had a good 2020. Started its uptrend July 2020 watching price go up from 32 and topping out at 80 Feb.’21.
Price came crashing down, bounced off 200 ema and found resistance at 72.
Price continued to move sideways until it lost support of 200 ema on Oct.27, 2021.
Shortly after we had a death cross of 200 and 50 ema signaling the bearish conditions
Price went on to start downtrend respecting 20ema.
Price then fell all the way down to 32 which was previous resistance.
Price attempted to bounce but has continued to make lower highs into support on each attempted bounce.
Price now finds itself in a descending triangle into support while in existing downtrend.
Price is at resistance level of triangle, an area of value. This is my que to enter trade.
Entering trade short.
Entry: 33.96
Stop loss: 35.25
Target: 26.25- +22.75%, 5.15 RR ratio
Trade closed: stop reached
Exit: Stop loss: 35.25Trade active
Reentered trade:Entry: 37.77
Stop loss: 41.70
Target: 26.25- +30.30%, 2.82 RR ratio
Trade closed: stop reached
Stop loss: 41.70
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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.