No Pimp in this RIDE
It’s been rough for RIDE.
Summer of 2020, RIDE went on a little uptrend that topped out around 30.75.
Sept.2020 price topped out at 30.75 and took a sharp dip to 18.50.
From there, price moved side-ways between Sept. 2020 thru Mar. 2021 when price broke down and entered a Downtrend
As the price continued to move down, we saw a death cross between 50 and 200 ema further confirming the bearish conditions
Price has since been in a downtrend with several pullbacks to enter short.
Currently, price has pulled back in the form of a Bear flag
Price s rejecting the 50ema, 3 days ago we had a spinning top candle stick at resistance and the next day candle broke below it.
The next day candlestick was a inverted hammer also at resistance. .
This is my cue to enter
Entering trade short
Entry: 3.17
Stop loss: 3.58
Target 2.29 – 27.76% RR ratio 2.15
It’s been rough for RIDE.
Summer of 2020, RIDE went on a little uptrend that topped out around 30.75.
Sept.2020 price topped out at 30.75 and took a sharp dip to 18.50.
From there, price moved side-ways between Sept. 2020 thru Mar. 2021 when price broke down and entered a Downtrend
As the price continued to move down, we saw a death cross between 50 and 200 ema further confirming the bearish conditions
Price has since been in a downtrend with several pullbacks to enter short.
Currently, price has pulled back in the form of a Bear flag
Price s rejecting the 50ema, 3 days ago we had a spinning top candle stick at resistance and the next day candle broke below it.
The next day candlestick was a inverted hammer also at resistance. .
This is my cue to enter
Entering trade short
Entry: 3.17
Stop loss: 3.58
Target 2.29 – 27.76% RR ratio 2.15
Trade closed: target reached:
Exit: 2.29 – +27.76% RR ratio 2.15