$TAO — SHORT
Entry 250.30 – 251.10
SL 261.49
TP 229.11
All three timeframes are bearish. The rebound just touched EMA9 and then broke down.
The 4-hour and 1-day charts are both bearish. The 1-hour candle rebounded right to EMA9, then closed red. The 1-hour ADX is only 18, so the rebound lacks strength. $BTC is moving in the same bearish direction, and short sellers are receiving funding fees.
If the price does not reach the Entry zone within 4 hours, cancel the order. If neither TP nor SL is hit within 96 hours, close the trade.
Personal observation, not investment advice
#TheoDõiFOMC #TinFed #TAO
Entry 250.30 – 251.10
SL 261.49
TP 229.11
All three timeframes are bearish. The rebound just touched EMA9 and then broke down.
The 4-hour and 1-day charts are both bearish. The 1-hour candle rebounded right to EMA9, then closed red. The 1-hour ADX is only 18, so the rebound lacks strength. $BTC is moving in the same bearish direction, and short sellers are receiving funding fees.
If the price does not reach the Entry zone within 4 hours, cancel the order. If neither TP nor SL is hit within 96 hours, close the trade.
Personal observation, not investment advice
#TheoDõiFOMC #TinFed #TAO
