As the RSI indicator reaches 46.9, $PTB is set to potentially decline.
$PTB - SHORT
Entry: 0.0008627
SL: 0.0009785
TP1: 0.0008048
TP2: 0.0007469
TP3: 0.000689
⚠️ Move the SL to break-even once TP1 is reached!!!
The RSI reading on the 1H timeframe shows a warning sign, indicating a possible depletion of the current trend.
On higher timeframes, the 1D chart shows a bullish bias, as price is trading above its EMA50, which suggests the need to manage risk carefully given the nature of this short position that goes against the trend.
Do you think $PTB can overcome the broader bullish trend, or will it only correct before resuming its upward momentum?
Click here to trade 👇
$PTB - SHORT
Entry: 0.0008627
SL: 0.0009785
TP1: 0.0008048
TP2: 0.0007469
TP3: 0.000689
⚠️ Move the SL to break-even once TP1 is reached!!!
The RSI reading on the 1H timeframe shows a warning sign, indicating a possible depletion of the current trend.
On higher timeframes, the 1D chart shows a bullish bias, as price is trading above its EMA50, which suggests the need to manage risk carefully given the nature of this short position that goes against the trend.
Do you think $PTB can overcome the broader bullish trend, or will it only correct before resuming its upward momentum?
Click here to trade 👇
