After closely watching, I’ve decided to short $VELVET
Just a while ago we caught a successful long trade, now the indication for short is clear.
Short Trade
Entry right now
TP $0.63 $0.6 $0.57
SL $0.703
$VELVET
Why this short?
The first top was formed around $0.9 and it crashed from there. The drop is still continuing and can extend further because heavy profit booking has already started.
RSI is also dropping and the order book shows large sell orders.
Just a while ago we caught a successful long trade, now the indication for short is clear.
Short Trade
Entry right now
TP $0.63 $0.6 $0.57
SL $0.703
$VELVET
Why this short?
The first top was formed around $0.9 and it crashed from there. The drop is still continuing and can extend further because heavy profit booking has already started.
RSI is also dropping and the order book shows large sell orders.