đŽ$NMR â SHORT ROUND 2 | REJECTION SETUP
đENTRY ZONE: 14.70 â 14.90
đŻTP1: 14.52
đŻTP2: 13.99
đSL: 15.32
The first short setup has shown its result, now we are waiting for the beginning of the second wave of decline $NMR from the level of 14.80 â 15.30 area of resistance.
đTRADE PLAN:
We are looking for a bearish signal and confirmation near the entry zone to take a short position. When the price starts to fall from the level of the first support, it will create conditions for breaking out to TP1 and further to TP2.
â ïžRISK MANAGEMENT:
âą High risk of the trade â use micro-leverage
âą Do not risk more than 2% of the deposit on this trade
âą Do not hunt for the entry signal without confirmation
âą Stop-loss order at 15.32
âą Partially close the trade on TP1 if the price holds at this level
We are waiting for the signal and the beginning of the movement. This is not a recommendation but an opportunity that you have at your disposal.
đENTRY ZONE: 14.70 â 14.90
đŻTP1: 14.52
đŻTP2: 13.99
đSL: 15.32
The first short setup has shown its result, now we are waiting for the beginning of the second wave of decline $NMR from the level of 14.80 â 15.30 area of resistance.
đTRADE PLAN:
We are looking for a bearish signal and confirmation near the entry zone to take a short position. When the price starts to fall from the level of the first support, it will create conditions for breaking out to TP1 and further to TP2.
â ïžRISK MANAGEMENT:
âą High risk of the trade â use micro-leverage
âą Do not risk more than 2% of the deposit on this trade
âą Do not hunt for the entry signal without confirmation
âą Stop-loss order at 15.32
âą Partially close the trade on TP1 if the price holds at this level
We are waiting for the signal and the beginning of the movement. This is not a recommendation but an opportunity that you have at your disposal.