VET has been on a great uptrend for a while now, however has just broken the trend and is showing signs of a possible reversal. Creating a Lower High from previous High.
Showing potential for a short if the trend is rejected when tested.
Risk Reward Ratio showing 1.78 (38.2) 0r 3.8 (61.8) ration depending on Targets based on fibs.
Will be following to see what price action occurs at the trend line.
Showing potential for a short if the trend is rejected when tested.
Risk Reward Ratio showing 1.78 (38.2) 0r 3.8 (61.8) ration depending on Targets based on fibs.
Will be following to see what price action occurs at the trend line.
Nota
VET continues to play out as expected, however with Bitcoins rally in the past few days, VET's price is holding up well at the moment. While a Lower High has been formed, it looks as if it may be consolidating rather than rejecting as expected.
Will continue to monitor as i expect a BTC and alts dip once this rally has played out.
Ideas and discussion welcome
Nota
I got in a bit lower than i would have liked for this Short, however it is looking quite good for now. A bit of a rally that may retest the new downtrend. I'm still learning but im somewhat confident on this trade, just hope Bitcoin doesn't decide to pump alts and wreck the short haha.
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.