short open - 1470
target - 1100
Support - 1000
Resistance - 1500
stop - 1575
Short again from 1795.
profits 25% steps
1500 - 1350 - 1200 - 1100
have a trailing stop below 1500 which should allow for profits to be locked if it bounces.
the bounce was to be expected with short squeeze & fresh money waiting to buy spot.
i have shorted the top expecting a dump which is happening, shorted 1570 when it ran out of upward momentum.
will be expecting a lower low on this leg dow... target still 1100-1200 on target time frames.
broke even combined on both trades