Just opened a short trade on $HEI it is struggling to break the $0.200 resistance
On 1D chart, price is testing the $0.200 area for the 3rd time, and so far every attempt has faced strong rejection.
This could be a good area to look for a short open short between $0.195-$0.205📉
But be careful, everyone will be watching this level for a short. A quick push above $0.200 could easily trigger short liquidations before the real move down starts.
🛑 Stoploss: $0.240
🎯 TP1: $0.165
🎯 TP2: $0.145 and below
I’ll be watching for the correction toward below mentioned TP levels. 👀
On 1D chart, price is testing the $0.200 area for the 3rd time, and so far every attempt has faced strong rejection.
This could be a good area to look for a short open short between $0.195-$0.205📉
But be careful, everyone will be watching this level for a short. A quick push above $0.200 could easily trigger short liquidations before the real move down starts.
🛑 Stoploss: $0.240
🎯 TP1: $0.165
🎯 TP2: $0.145 and below
I’ll be watching for the correction toward below mentioned TP levels. 👀