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Trade #3 Short

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4.2.2021 - entry: $40,250 - stop: $$42,000 (4.35%)

should have waited for the $40,000 entry level earmarked in trade #1.

now the hidden bearish divergence is also more pronounced.
Ghi chú
given the strong momentum - RSI taking out the 50k high - it is likely that this move is mostly driven by liquidations of shorts that were opened at/bellow 38k
ảnh chụp nhanh
Ghi chú
widen stop to $42,600 (5.85%)
Ghi chú
stop adjusted before fakeout above $42,000
ảnh chụp nhanh
Giao dịch đang hoạt động
cancelled $42,600 stop limit order and placed above peak at $42,700.

forced price action, likely to trigger stops
ảnh chụp nhanh
Đóng lệnh: dừng lỗ
stopped at $42,700 (6.087%)
Beyond Technical AnalysisTrend Analysis

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