AMC
Ticket to nowhere
That 7-day AMC pump to end May 2021 sure left behind a lot of blood.
The last 300 days since that 7-day pump, price has been moving downwards in a large price channel.
We have a death cross of 200 and 50 ema signaling the bearish conditions.
Price is currently at resistance level of price channel
Stochastic is overbought.
The last two times price has found itself at resistance area of price channel and stochastic was over-bought, price has made a move back down to support.
This time will be no different.
Yesterday’s candlestick closed a shooting star and resistance and todays closed below that. This is my cue to enter trade.
Entering trade short
Entry: 25.28
Stop loss: 31.15
Target: 11.00, +56.48%, 2.43 RR ratio
Ticket to nowhere
That 7-day AMC pump to end May 2021 sure left behind a lot of blood.
The last 300 days since that 7-day pump, price has been moving downwards in a large price channel.
We have a death cross of 200 and 50 ema signaling the bearish conditions.
Price is currently at resistance level of price channel
Stochastic is overbought.
The last two times price has found itself at resistance area of price channel and stochastic was over-bought, price has made a move back down to support.
This time will be no different.
Yesterday’s candlestick closed a shooting star and resistance and todays closed below that. This is my cue to enter trade.
Entering trade short
Entry: 25.28
Stop loss: 31.15
Target: 11.00, +56.48%, 2.43 RR ratio
Dagangan ditutup: sasaran tercapai
Exit: 11.00, +56.48%, 2.43 RR ratio
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.