Hey Guys, my short is playing out well. Already 60+ profit with my 10x leverage position. I thing we have a good chance to the get near to my target at 0.47 but we also have possible supports on the way down.
I believe if I we take a look on the RSI we find support between 0.47 and 0.52
If we get in this area I open a new long position. This coin is one of my favorites in the last days to trade.
What you thinking?
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It is possible to see a reversal
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I took 50% profit.
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Sorry, I took 24% not 50% profit. It looks good for more downside!
Trade closed manually
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Hey guys, I'm sick and can't take care of the trade. I took at least 90% of my money out. I made 130% profit with my short.
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Hey Guys, I already closed this trade, but it looks like we will touch the 1.618 FIB. If you got in this trade, nice for you :)
Do you think, the long will be just to 0,836 area again?
Yalpstel
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@drindrin, I think to long it now is not a good idea. I would wait for a higher high. But it looks like we go more down. If we reach my target area I`m sure we break the further resistance at 0,836
drindrin
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@Yalpstel, Thx!:) I am glad to hear that. (If it is a H&S (not a doubble top), how much could be the retest? (I would sell and rebuy lower.)
Yalpstel
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@drindrin, if we build a H&S I would look out for 0.78 .. but it could also go higher. I don`t would expect a breakout of the resistance we see (double top). :) - let`s see what we get.
drindrin
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@Yalpstel, Thx a lot! :) Do you mean: if it is a double top, there will be not a breakout of the resistance (target about 0.836). If it is a H&S, it will go towards the next resistance/ higher than 0.836? Or do you just changed your mind regarding to previous: "If we reach my target area I`m sure we break the further resistance at 0,836". Sorry, I am confused.
0.78 sounds great. Thx! Double top has also a pullback/ retest, but if would be the same level as right now.