Hello, fellow traders and investors! There has recently been a leg up in our bearish channel creating what we anticipate to be a lower high. There is plenty of uncertainty in the economy at the moment whether it be the wars in Russia/Ukraine or Israel/Palestine, upcoming interest rate decisions, the fed's approach to their balance sheet and applying quantitative tightening, etc...
All that to say Rise Capital believes we are at overbought levels and are actively pursuing strategies to take advantage of the bearish movement that is soon to come. We will be taking different approaches like shorting qqq, getting put contracts on qqq and buying shares of sqqq.
SHORT QQQ
Entry: 367.71
Take Profit: 342.20 (Partial profits can be taking off depending on price action)
Stop loss: 373.75
Risk/Reward: 4.3
All that to say Rise Capital believes we are at overbought levels and are actively pursuing strategies to take advantage of the bearish movement that is soon to come. We will be taking different approaches like shorting qqq, getting put contracts on qqq and buying shares of sqqq.
SHORT QQQ
Entry: 367.71
Take Profit: 342.20 (Partial profits can be taking off depending on price action)
Stop loss: 373.75
Risk/Reward: 4.3
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.