$1000RATS
#1000RATS #SHORT
Entry: 0.0420 - 0.0440
Stoploss: 0.0500
Take Profit: 0.0400
Take Profit 2: 0.0370
Sharp spike above the base range up to nearly 0.05, now fading back hard (-9.55% today) toward the dotted 0.042 line that had been the range's midpoint. Looks like a fakeout above the range rather than a real breakout, given how fast it's giving the move back.
Order book is slightly favoring long (52%) though, so this isn't a strong consensus short — watch whether it reclaims 0.045 quickly, which would invalidate this idea.
#1000RATS #SHORT
Entry: 0.0420 - 0.0440
Stoploss: 0.0500
Take Profit: 0.0400
Take Profit 2: 0.0370
Sharp spike above the base range up to nearly 0.05, now fading back hard (-9.55% today) toward the dotted 0.042 line that had been the range's midpoint. Looks like a fakeout above the range rather than a real breakout, given how fast it's giving the move back.
Order book is slightly favoring long (52%) though, so this isn't a strong consensus short — watch whether it reclaims 0.045 quickly, which would invalidate this idea.