ZILUSDT 4H short setup after HnS breakdown and retest
TA Explained
ZIL had a huge price surge in the past months. At the previous top a HnS pattern can be found. Price broke down the neckline and retested it. This retest shows a pennant which is broken and retested as well. More downside movement can be expected.
Trade setup
Best entries: 0.01932 - 0.01919
TP1: 0.01762
TP2: 0.01663
TP3: 0.01535
SL: 0.02054
RR: 5.03
Max leverage: 3x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
ZIL had a huge price surge in the past months. At the previous top a HnS pattern can be found. Price broke down the neckline and retested it. This retest shows a pennant which is broken and retested as well. More downside movement can be expected.
Trade setup
Best entries: 0.01932 - 0.01919
TP1: 0.01762
TP2: 0.01663
TP3: 0.01535
SL: 0.02054
RR: 5.03
Max leverage: 3x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
Trade closed: target reached:
Trade reached all targets. Very nice profits, 60% for the last target