$PIEVERSE Sell Setup Created.
I’ve been monitoring this trade for quite some time. I found three lower highs, and each time the market rejected that area and moved lower. Finally, the market broke down with a strong red candle.
My Plan:
I’m considering an entry around the 50% area of that red candle at 2.0123.
Entry: 2.0123
Stop Loss: 2.17 – 2.20, around the last candle’s wick
Risk/Reward: Approximately 1:2.54
I’m not setting a fixed target because there is potential for the market to move much lower. As the trade moves in my favor, I’ll continue trailing the stop loss lower.
Final Target: 1.5864
I’ll wait for the proper confirmation before entering and follow the guidance properly. I recommend doing the same.
I’ve been monitoring this trade for quite some time. I found three lower highs, and each time the market rejected that area and moved lower. Finally, the market broke down with a strong red candle.
My Plan:
I’m considering an entry around the 50% area of that red candle at 2.0123.
Entry: 2.0123
Stop Loss: 2.17 – 2.20, around the last candle’s wick
Risk/Reward: Approximately 1:2.54
I’m not setting a fixed target because there is potential for the market to move much lower. As the trade moves in my favor, I’ll continue trailing the stop loss lower.
Final Target: 1.5864
I’ll wait for the proper confirmation before entering and follow the guidance properly. I recommend doing the same.
