Short on $MORPHO: breakdown with volume, below its EMA200.
The 1-hour candle closed below 2.34, the low of the previous 20 hours. I sold at 2.322.
That candle had 4 times the average volume of the previous hours.
Initial stop at 2.406 (3.6% higher). No TP: I use a trailing stop that moves down with the low and closes the position if the price rebounds to it; 7 days is just the maximum.
Many trades don't work out; that's why I risk little on each one.
This is not financial advice. Do your own research and adjust your risk.
$MORPHO #trading #futuros
The 1-hour candle closed below 2.34, the low of the previous 20 hours. I sold at 2.322.
That candle had 4 times the average volume of the previous hours.
Initial stop at 2.406 (3.6% higher). No TP: I use a trailing stop that moves down with the low and closes the position if the price rebounds to it; 7 days is just the maximum.
Many trades don't work out; that's why I risk little on each one.
This is not financial advice. Do your own research and adjust your risk.
$MORPHO #trading #futuros