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theCrypster
Feb 15, 2023 11:06 AM

#PHAUSD - A Big Gain on this Short before Form Closes Short

PHA / U. S. DollarKraken

Description

theCrypster -

With a massive descending trend line formed from the inception of #PHA and continuing through till today, a Sell signal from CTv2 right on this trend line and a 20% drop until support on the underside, we're going for this Short trade!

If you enjoyed or agree with this idea - drop us a comment, like & follow! :)

Comment

#PHAUSD is still hovering around the upper trend line, slowly dropping in price but not as fast as we'd like to see! Yet..

Comment

Perfectly predicted and an excellent 20% bagged on this trade.

Feel free to close now on this support trend line, or wait it out for a reversal signal from CTv2 - your attitude to Risk/Reward is up to you!
Comments
SwallowPremium
What is your entry price on the short position?
theCrypster
@SwallowPremium, Short @ $0.175 with a TP at around $0.14. SL is a tickle over $0.2, for now..
Tolberti
I agree with your analysis, good job done!
theCrypster
@Tolberti, Thanks mate!
linofx1
Great analysis ✅
theCrypster
@linofx1, Cheers buddy
MonoCoinSignal
Your trading idea is very creative and shows a great understanding of the market dynamics.
theCrypster
@MonoCoinSignal, Thank you
DeGRAM
Execellent chart analysis.
theCrypster
@DeGRAM, Cheers buddy
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