TWTR
This one smells Musky.
TWTR in an obvious downtrend here.
Price has been unable to make a higher high for quite sometime dating back to Feb.’21 when it reached its highs.
A series of lower lows has now formed a down trendline.
Support has formed at 32.55
Price is currently has pulled back to the down trendline which would also be an area of value. This is my cue to enter trade short.
Taking swing to support area of 32.55
Entry: 41.18
Stop loss: 45.45
Target: 32.75, +20.47%, 1.97 RR ratio
This one smells Musky.
TWTR in an obvious downtrend here.
Price has been unable to make a higher high for quite sometime dating back to Feb.’21 when it reached its highs.
A series of lower lows has now formed a down trendline.
Support has formed at 32.55
Price is currently has pulled back to the down trendline which would also be an area of value. This is my cue to enter trade short.
Taking swing to support area of 32.55
Entry: 41.18
Stop loss: 45.45
Target: 32.75, +20.47%, 1.97 RR ratio
Trade closed: stop reached:
Stop loss: 45.45, -10.37
Will look for reentry if price falls back below down trendline
Will look for reentry if price falls back below down trendline