Hello everybody! Thumb UP if you like this idea! Recently price bounced from a 200 MA. It's just a quick trade. All targets on the charts 📉. We will see what price shows us further.
Reasons for trade: 1. MACD 6H shows down 2. AO 6H shows down 3. The price bounced from a strong resistance line 200MA (1D TF). 4. The last rising has to cool down before the next jump.
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Ok, guys! We've reached our first target. Now I recommend you set a stop-loss closer to your price of the open position and wait for a second target $8120.
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Also, I give you little tips about what to do further in this screenshot below.
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If we reach 2 zone for increasing our short position we can expect falling to $7000 .