A punt for the bearsish outcome
Looking at a final rejection of the Bollinger Band centre, around 47.9k-48k. Tight stops here are crucial, if this is indeed a range/bull trap, this trade could prove lucrative and further add to a bearish bias.
DONT bank on it, with the current momentum may push it well up past this stop, but the dance with 48k is what really matters here.
Entering with a small portion as this is more gamble than trade, but worthy risk for it here imo. stoplossSTOPLOSSstoploss
Either way, the outcome of the next 24-48 hours will say alot about the rest of Q4 imo. If 48k is reclaimed and held, that's my bullish flip, if not -- see my deadcat bounce chart.
Goodluck (:
DONT bank on it, with the current momentum may push it well up past this stop, but the dance with 48k is what really matters here.
Entering with a small portion as this is more gamble than trade, but worthy risk for it here imo. stoplossSTOPLOSSstoploss
Either way, the outcome of the next 24-48 hours will say alot about the rest of Q4 imo. If 48k is reclaimed and held, that's my bullish flip, if not -- see my deadcat bounce chart.
Goodluck (:
Nota
Short has been entered, lets see what happens on the daily open!
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.