pranavchadha18
Short

BCH has hit the trendline

BITFINEX:BABUSD   BAB / Dollar
BCH has hit the upper trendline. Short now or wait for this 4 hour candle to close.
Comment: The first 4H candle shows rejection. Lets see!
Comment: The daily close shows strength. The final 4H candle of the day closed above the trendline and now it will test this for support. You can short this on the breakdown or even now if feeling gutsy.

For the one taking this:

Entry: 259.46
Target: 218, 204
SL: 271-281 (depending on the risk you can take)

I can close this anytime so will update based on what I see (5:34 am)
Trade closed manually: What a beautiful trade so far. I closed at 253 for a nice 2.31%. I think more downside but didn't want to risk it. I still have to be patient for a swing trade.
Comment: Closed at 7:57 am. I always mention the time because TV doesn't show. Anyway, only took us like 2 plus hours to book.

Comments

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