Short Trades I Took $KNC

24 thg 1, 2022

Hi, everyone!

Sharing with you the Short Trades I took last week and one buy setup.

In this chart, we are the 4H or 4 Hour Timeframe.



I was expecting a potential double top and I placed a short limit order at the previous highest wick.



During that time BTC and TOTAL were volatile and are dumping.

KNC in a lower timeframe is not bearish that is why I took profit when it reached EMA20 (green) I took profit.

I believe that there will be another test of the highs of the wick but recognized that it's trying to break the resistance.



What I did is adjust my second entry again I recognize on the daily is the wick of the previous candlestick which could act as a resistance

I entered at 1.68



And took profit at 1.48



Sharing in the comment section the updates of my other short entries.

Indicators I use:
EMA 20, 50, 100
ATR
RSI
Stoch

The approach I usually do: Swing, Supply, and Demand.

Thank you for reading.

Please read also the updates so you can see my other entries for KNC

Ciao!