Entry point is below the support zone currently holding up price. If price breaks down and the bears push price further the next strong resistance area is the ~10,000USD area. There are several factors layering confluence in this zone: prior resistance, 62-78% fib zone, fib extension of prior leg down ( A,B, C wave).
Trade active:
The trade setup is still intact. There is some signs of a reversal. If this current daily candle does not close higher than the prior opening, I would expect more bearish selling.
Trade active:
This short is now active and moving in to the take profit stages. Trade management is key at this point.
Trade active:
Time to scale out of the position. Nice trade. Price could go deeper so be patient and stick to your plan.
Trade closed: target reached:
Target zone reached.
