Short
BCH Trade Idea: Gain 17% R:R 10 to 1
1. Typical buy the news, sell the rumors pump and dump.
2. Momentum dying out.
3. Up 50% and volume drying out as well.
4. Short gaining momentum.
5. About to face major resistance at $660.
6.Clean highs, stop run, dump it.
Entry: Scaled orders $650 - $660 Ascending Orders.
Targets 1: $608
Target 2: $555
Target 3: $542
Stop: $670
2. Momentum dying out.
3. Up 50% and volume drying out as well.
4. Short gaining momentum.
5. About to face major resistance at $660.
6.Clean highs, stop run, dump it.
Entry: Scaled orders $650 - $660 Ascending Orders.
Targets 1: $608
Target 2: $555
Target 3: $542
Stop: $670
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.