WOO usdt perp short trade setup
Hy fellow traders
Greetings from team Trading The Tides
yesterday I posted the idea on woo which gave around 12% in profits , we short it then long it , currently I just quit the trade with 10 % profits and now again looking for a chance to re enter in short trade as soon woo breaks the support ,
if it breaks the previous resistance I am not gonna go long as the overall sentiment is bearish and will not trade on woo .
secondly it in forming a bullish wedge pattern near a strong resistance so that makes no sense to long this coin.
if I initiate a short trade I will post in the comments
Feel free to ask questions . I will definitely answer
Note :
I am just a technical analyst and day trader .
Any info given is not a financial advice
Thanks .
Greetings from team Trading The Tides
yesterday I posted the idea on woo which gave around 12% in profits , we short it then long it , currently I just quit the trade with 10 % profits and now again looking for a chance to re enter in short trade as soon woo breaks the support ,
if it breaks the previous resistance I am not gonna go long as the overall sentiment is bearish and will not trade on woo .
secondly it in forming a bullish wedge pattern near a strong resistance so that makes no sense to long this coin.
if I initiate a short trade I will post in the comments
Feel free to ask questions . I will definitely answer
Note :
I am just a technical analyst and day trader .
Any info given is not a financial advice
Thanks .
Trade active:
short positioned opened
Trade active:
active with 19% profits
Trade closed: target reached
sl :manual if it closes above 0.278
lev : 10 x
tps: 0.27 , 0.265, 0.259
hopes for the best