- Bearish 200SMA & 200EMA crossover. - Ichimoku Cloud will reinforce the double MA resistance. - Closed below previous support zone. - Price action bearish MA crossover - Bearish MACD - In oversold range even with high buy volume - Trending down and people panicking - Take profit at FibE levels
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Moved stop loss to 280 above MAs
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Closed out.
Note to self- never short on the bottom of a trend channel unless a break is confirmed