Bear view: great opportunity for a short entry with a very low risk and high reward potential with $5000 as target.
The death cross of the 30 over the 50 week SMA is providing us with a great opportunity for a short trade.
The stop-loss should be put right over the last high at around $8600.
The death cross of the 30 over the 50 week SMA is providing us with a great opportunity for a short trade.
The stop-loss should be put right over the last high at around $8600.
Comment:
The short should only be entered once the last daily low is broken at $7800