Trader_MDJ

PENDLE Looks ready to head lower

Short
Trader_MDJ Updated   
MEXC:PENDLEUSDT   Pendle / USDT
tight s/l and take profit levels marked on chart
reason behind shorting is the capitulation and with such a new coin it is natural and normal for the price to retest EMA's as they appear on the chart.
the 100-ma on the weekly is at around 48c and just appeared so i expect price to magnet towards it
Comment:
ARE YOU NOT ENTERTAINED?!
Comment:
1/3 position closed at t1 for 11.99% profit
1/3 position closed at t2 for 20.67% profit
1/3 position closed at t3 for 31.39% profit

price dropped almost immediately from entry, very happy with this trade
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