AIN is up 168% today. This is a momentum trade, not a hold #AIN
$AIN : pumped from 0.0231 to 0.0856 and already pulled back to 0.064. RSI 80 — that's cooked. Volume is massive ($553M) but the wick on top tells the story. Sellers are here.
Short entry: 0.0700 – 0.0750
Targets: 0.0550 / 0.0450
Leverage: Cross 10x
SL: 0.0860
If it bounces into the 0.07-0.075 zone and rejects, I think it continues down. The way this candle closed, it doesn't look like a bottom yet.
Plan: First TP at 10%. Second TP at 20%. SL at 10%. Simple.
anyway manage your risk and positions.... best of luck.
#CryptoDropbit
$AIN : pumped from 0.0231 to 0.0856 and already pulled back to 0.064. RSI 80 — that's cooked. Volume is massive ($553M) but the wick on top tells the story. Sellers are here.
Short entry: 0.0700 – 0.0750
Targets: 0.0550 / 0.0450
Leverage: Cross 10x
SL: 0.0860
If it bounces into the 0.07-0.075 zone and rejects, I think it continues down. The way this candle closed, it doesn't look like a bottom yet.
Plan: First TP at 10%. Second TP at 20%. SL at 10%. Simple.
anyway manage your risk and positions.... best of luck.
#CryptoDropbit
