I've been waiting a long time for this trade and it is finally in the right spot. Textbook SR flip here on BCH. It could push a little bit higher to around 770 but my stop loss will be above that.
Trade active:
On shorter time frames, you can see a rising wedge, declining volume, and bearish divergence. These are 3 bearish signs that add to my reasoning behind this short.
Trade closed: stop reached:
Got stopped out of this one but I'm glad I stuck to my stop loss.
I will be looking to re-enter if this continues up.
I will be looking to re-enter if this continues up.