$AIA is about to drop. I'm shorting it with 20x
Look at the chart. AIA has been climbing in a channel, but it just got rejected at $0.085. Now it's losing steam at $0.0767. The buyers are tired.
Why I'm shorting
It failed to hold the high. Lower highs now. If it breaks below $0.074, the whole channel collapses. Next stop is $0.068 right there on the chart.
The short setup (10x)
Entry: $0.0765â$0.0780
Target 1: $0.0730
Target 2: $0.0700
Target 3: $0.0680
Stop Loss: $0.0850
This pattern usually breaks down. I'm short with 10x, aiming for $0.068. Don't try to catch this falling knife on the long side.
Family moves together. Let's eat.
NFA DYOR
Trade here đđ» $AIA
Look at the chart. AIA has been climbing in a channel, but it just got rejected at $0.085. Now it's losing steam at $0.0767. The buyers are tired.
Why I'm shorting
It failed to hold the high. Lower highs now. If it breaks below $0.074, the whole channel collapses. Next stop is $0.068 right there on the chart.
The short setup (10x)
Entry: $0.0765â$0.0780
Target 1: $0.0730
Target 2: $0.0700
Target 3: $0.0680
Stop Loss: $0.0850
This pattern usually breaks down. I'm short with 10x, aiming for $0.068. Don't try to catch this falling knife on the long side.
Family moves together. Let's eat.
NFA DYOR
Trade here đđ» $AIA