SNX - Snaking into the rabbit whole

26 thg 5, 2022

Reasons to take short
⭐️ BTC is bearish
⭐️ Trend bearish
⭐️ Level is 13d old
⭐️ Level is visible on multiple timeframes
⭐️ Volume at top
⭐️ 4th touch
⭐️ Under VWAP

We need more accumulation near the level before considering short. Instrument has to consolidate
Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%

Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum


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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones