Long or Short game plan:
Short Order:
✔️ Entry: $120.25
⛔ Stop: $122.34
🤑 Profit: $116.26
By all means I would have shorted the level here, but what worries me is the massive amounts of shorts that have piled up. If price bounces off the $119.19 level and then starts trending up, going through the upper trendline of $122.10, we may very well see a short squeeze.
With that being said, if price does go up a little bit, giving me a better Risk:Reward ratio, then I will take my chances.
Short Order:
✔️ Entry: $120.25
⛔ Stop: $122.34
🤑 Profit: $116.26
By all means I would have shorted the level here, but what worries me is the massive amounts of shorts that have piled up. If price bounces off the $119.19 level and then starts trending up, going through the upper trendline of $122.10, we may very well see a short squeeze.
With that being said, if price does go up a little bit, giving me a better Risk:Reward ratio, then I will take my chances.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.