Just now I opened an #xcn short. I anticipate that the market will correct back to $0.018 eventually.
But I will scale out most of position around $0.02 given all goes well. And I will likely scale in along the way to improve RR a bit.
But I will scale out most of position around $0.02 given all goes well. And I will likely scale in along the way to improve RR a bit.
Note
If anyone who following this XXCN that prefers a more conservative approach, a decision to close here and wait for more bearish confirmation can be made here as based on current pa and volume there is a good chance it spikes up again a little before dumping.I'll continue to hold though, it's still bearish on 4hr tf and stop at invalidation area.
It will likely start to drop fast given we break back below $0.02228 area
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Scaled into xcn short just now
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Got stopped out on xcn. Short squeeze...doesn't look like the bulls are fully in the clear yet though
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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.