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Serene_Crypto

Perp 1h Short

Short
Perpetual Perpetual Futures (FTX:PERPPERP)  
Serene_Crypto Updated   
FTX:PERPPERP   Perpetual Perpetual Futures
Trend Analysis perpetual Cryptocurrency
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trendanalysis perpetual cryptocurrency
Setup: There is huge rejection off the POC in the 1h timeframe signified by the large volume candle. This looks real bearish for Perp. Furthermore, Perp is also on a long term downtrend, adding confluence to the trade. For extra confirmation, we will like to see it consolidate before breaking down.

Entry: Breakdown trade( 1 ATR below the weekly lows) at 1.02

Exit: Trail using the SAR indicator
Comment:
Entered trade at 1.047 with trailing SL set using SAR at 1.19
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