decklyndubs

Descending Channel - Scalps or Short For Retest

Short
BINANCE:LINAUSDT   LINA / TetherUS
Lina looks great for scalps (short), forming the start of a descending channel.
I would only go short on it at the top of the channel when it forms back up.
Can either scalp the channel, or hold the short down into the channel managing SL.
It looks like it probably wants another .007 retest.
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.