Great Short opportunity!! Market needs to cool down!

Hi all ..

short open - 1470

target - 1100

Support - 1000

Resistance - 1500

stop - 1575

Trade active:

Closed the first short, was online as it started to move up, closed at break even.

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.

Comment:

still short but the profit on the first trade was too much to resist, i closed at 1420 with a very good ROI..

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.

Trade closed: stop reached:

stop hit on the second short..

broke even combined on both trades