BINANCE:HNTUSDTPERP just bounced off the descending wedge resistance level and right above it there's a strong 200 EMA resistance level as well.
Furthermore, a bearish divergence has been formed on RSI & VPVR shows significant volume as being at a much lower price.
Short position has been placed. I know the risk:reward ratio it's not ideal but the market has been pretty spiky lately so we don't want to set a too short stop loss.
Furthermore, a bearish divergence has been formed on RSI & VPVR shows significant volume as being at a much lower price.
Short position has been placed. I know the risk:reward ratio it's not ideal but the market has been pretty spiky lately so we don't want to set a too short stop loss.
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Take profit reached. Cheers everyone.