Setup: ALCX is consistently forming newer lows. Another thing to take note is that it is weaker compared to the other cryptocurrency as when it bounce, the bounce is really minimal. The OBV also supports this as OBV is consistently forming lower lows.
Entry: 57.3
Exit: Trail using SAR indicator
Entry: 57.3
Exit: Trail using SAR indicator
Comment:
Closed this position and my other shorts as SPY, NASDAQ are rallying. Furthermore, it is weekend soon, and i will reassess on Monday. I made a mistake shorting this but it is better to correct it now than later.