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It loos like the bulls may have run out of gas. This paper trade idea is to short from resistance all the way back down to support, taking profit along the way!
We are at strong resistance right now. These resistance is coming from the yellow vertical trend line from the prior channel, the 0.5 Fibonacci and horizontal resistance. Confluence between all these factors creates this resistance wall.
Let's get this crypto!
---
Entry: 9130.5
T1: 9043
T2: 8928.5
T3: 8757.5
T4: 8637
T5: 8530.5
Stop: 9312.5
---
R:R: 3.3
Risk: 1.99%
Reward: 6.57%
Leverage: 5X
Leveraged Risk: 9.95%
Leveraged Reward: 32.85%
--
Disclaimer:
This is not financial advice. This information is not meant to be used for financial advice, nor trade ideas. This is for educational purposes only.
Krown Accolades:
If you want to learn how to trade like a professional, then checkout this TA course! I've completed many courses, but this one was by far the best! I became consistently profitable after applying the concepts learned in this course!
krown-trading.teacha...f-technical-analysis
It loos like the bulls may have run out of gas. This paper trade idea is to short from resistance all the way back down to support, taking profit along the way!
We are at strong resistance right now. These resistance is coming from the yellow vertical trend line from the prior channel, the 0.5 Fibonacci and horizontal resistance. Confluence between all these factors creates this resistance wall.
Let's get this crypto!
---
Entry: 9130.5
T1: 9043
T2: 8928.5
T3: 8757.5
T4: 8637
T5: 8530.5
Stop: 9312.5
---
R:R: 3.3
Risk: 1.99%
Reward: 6.57%
Leverage: 5X
Leveraged Risk: 9.95%
Leveraged Reward: 32.85%
--
Disclaimer:
This is not financial advice. This information is not meant to be used for financial advice, nor trade ideas. This is for educational purposes only.
Krown Accolades:
If you want to learn how to trade like a professional, then checkout this TA course! I've completed many courses, but this one was by far the best! I became consistently profitable after applying the concepts learned in this course!
krown-trading.teacha...f-technical-analysis
Comment:
Feel free to follow this channel if you are looking for daily paper trading ideas! I'll be much more active moving forward!
Also, if you are watching the charts closely, set your stop much tighter for this short. That way, if the bulls break through, you can close this trade and enter the long targeting bull flag measured move, then possible continuation.
Let's get this crypto!
Also, if you are watching the charts closely, set your stop much tighter for this short. That way, if the bulls break through, you can close this trade and enter the long targeting bull flag measured move, then possible continuation.
Let's get this crypto!
Comment:
T1: 9043 - HIT You can now move your stop to entry to lock in profits. Alternatively, you can leave your stop in place.
If price comes back to entry, but does not close above it, you can enter/Re-enter this trade. This setup is valid as long as we don't get candles closing above blue box of peace and prosperity! <3
If price comes back to entry, but does not close above it, you can enter/Re-enter this trade. This setup is valid as long as we don't get candles closing above blue box of peace and prosperity! <3
Comment:
Remember, this is a great pivot area. If price starts going through the blue box of peace and prosperity, then consider closing out the trade and going long, per the above plan! Make this next move a sure fire win!
Let's get this crypto!
Let's get this crypto!
Comment:
All targets hit! Let's get this crypto!
T1: 9043 - 4.8% Gain
T2: 8928.5 - 11.03% Gain
T3: 8757.5 - 20.43% Gain
T4: 8637 - 27.02% Gain
T5: 8530.5 - 32.86% Gain
Grand Slam!
T1: 9043 - 4.8% Gain
T2: 8928.5 - 11.03% Gain
T3: 8757.5 - 20.43% Gain
T4: 8637 - 27.02% Gain
T5: 8530.5 - 32.86% Gain
Grand Slam!
Let's get this crypto!