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Artem_Dishel
Jun 22, 2022 8:10 AM

COMP - Clean trendline to short Short

COMP / TetherUSBinance

Description

Reasons to take long:
⭐️ BTC is bearish
⭐️ Updated previous high and trapped a lot of bulls
⭐️ Trendline is clean
⭐️ Price is squeezing to the trendline
⭐️ 4th touch of the level
⭐️ 40 ATR
⭐️ Under VWAP

Will enter when price squeezes to the level on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%

Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum


What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊

P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones

Comment

Made a typo. It's a short, trendline breakdown
Comments
Crypto_Pepper
well, we'll keep an eye on it, maybe something will come out)
Artem_Dishel
@Almighty_Alexey, I hope something will)
Solldy
It's a beautiful chart. You have a very good use of technical analysis tools. When you analyze the long term, do you consider the fundamental analysis?
HAMED_AZ
Great idea
RLinda
Nice one)
Artem_Dishel
@RLinda, Thank you!
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