NEO MIGHT DIP DOWN

IF THE PRiCE GOES BELOW MY GOLDEN LiNE I AM GOiNG TO MAKE SOME PROFiT
THAT'S A RISKY SETUP, SO DON'T TRY TO COPY-TRADE.

TRADE::NEO_2
TYPE::SHORT
SIGNAL::TRiANGLE BREAKOUT

STATUS:: PLACED

VOLUME:: $3000
ENTRY:: 19.3
TP:: 15%
SL:: 1,68%

PROS::

1.TREND EXHAUSTION
2.OBV HEADS DOWN
3.PHOENIX INDICATOR iS BEARISH (4H,8H,D)
4.IMPORTANT S/R LEVEL
5. BEARiSH MOMENTUM

CONS::

1.FAKE OUT
2.ICHI iS GREEN (TOO EARLY TO SHORT?)


OVERALL:: I'VE PERSONALLY FAiLED AN OPPORTUNiTY TO SHORT iT FROM 23,5 LEVEL. SO I AM LOOKiNG FOR A NEW ENTRY. THiS LEVEL FOR NEO iS VERY IMPORTANT SiNCE iT'S BEEN OUR SUPPORT AND RESISTANCE FOR A COUPLE OF MONTHS, SO IT'S TOTALLY REASONABLE TO TRADE A DIP BELOW THiS LEVEL. I CAN SEE THAT BULLS ARE TRYiNG TO DEFEND THiS LEVEL, BUT BEARS ARE GETTiNG STRONGER SiNCE THESE WiCKS ARE GOiNG LOWER. IF THiS SETUP FAiLS I MUST BE PREPARED TO PLAY OTHER SiDE IN CASE WE BREAK THiS TRIANGLE iN UPWARDS DiRECTiON

Comment:

PRICE ALMOST HiT MY ENTRY POiNT, LET'S SEE iF BULLS ARE ABLE TO DEFEND THiS PRICE LEVEL

Comment:

I'VE ENTERED A TRADE, HOPE iT WILL WORK AS EXPECTED

Comment:

I MOVED MY SL TO BREAK EVEN. SO I CAN'T LOOSE iN THiS TRADE ANYMORE

Comment:

CLOSED THE DEAL WITH NO PROFiT. I'D BETTER FIND ANOTHER ENTRY, THAN PUT MY MONEY UNDER THE RiSK

Comment:

I'VE TRADE THiS BEARiSH MOMENTUM THE WRONG, I SHOULD'VE SHORT FROM THE TOP, SiNCE THE PRiCE STAIR STEPPiNG DOWN, INSTEAD OF TRADiNG A BREAKOUT