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CraftyChaos
Aug 15, 2022 11:57 AM

CROSUSD Rising Wedge Break Short

Crypto.com Coin / United States DollarCoinbase

Description

COINBASE:CROUSD

  • Rising Wedge abt 75% to apex
  • Decreasing Weis Wave Volume
  • Volume Profile Resistance unbroken
  • Increasing Downward Velocity
  • MACD Signal Down
  • Short and Long Term MFI Down


Price Object back to longer term trendline

Trade active

Full disclosure: I entered a 5x short @ 0.1510 on 08/15

Comment

Still in my short position

Trade closed manually

I have closed my short position for a profit of $168.80

Comment

I closed my positions because bitty is dancing around a trend line, and I decided it was a good point to take profit. If downtrend continues and seems rewarding, I may reopen my short, but further confirmation is required.
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