Now the market is over-extended on the 1 Week time-frame, so i suggest to open a short possition (here i share mine). We have confirmations of this scenario at technical indicators, such as: 1 Day RSI, 4 Hours Ichimoku Clouds, 1 Hour TEMA-Supertrend, and 1 Day Bollinger Bands. I used Fibonacci retracement to measure this fall to the most probable level. I had in consideration that this a new market and that it has been growing a lot without any important correction since 5 weeks ago on the 1 Week time-frame.
Setup:
If Concluded Successfully:
Setup:
- Break Even: 0.1295
- Liquidation: 0.1360
- Stop Loss: 0.1308 (1.00%)
- Take Profit: 0.0860
If Concluded Successfully:
- 33.59% of ROI
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.