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Heist_FlyZ
Oct 31, 2022 11:19 AM

Too Much, Too High Short

Binance Coin / TetherUSBinance

Description

Classic multiple top pattern. The price is clearly gaining momentum and we can go a little higher (potentially making a fake breakout), but if the price doesn't hold $340-350 level after the breakout, this will be a great signal for a short. Short @ $340, TP $300-260, SL $355.

Trade active

Shorted 1/2 @ $340

Trade closed: stop reached

Comments
OluwafisayoAkinlosotu
Bnb is going up because of its launch pool ongoing
Heist_FlyZ
@OluwafisayoAkinlosotu, Yep, there are too many buyers at the moment. If we manage to consolidate above $350, then I will close my position.
JoeChampion
This is way too overbought. i agree it may collapse soon!
SwallowPremium
Thank you for sharing, I like your style!
InkyGrip
A Possible Short scenario
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