$AIN is giving shorts a much better entry if it bounces into resistance
I don’t wanna short $0.0528 after the drop because the risk reward is already getting ugly
I will open a short position if AIN pushes back into $0.0550 to $0.0567 and sellers reject that area
Entry around $0.0550 to $0.0567
TP1 $0.0512
TP2 $0.0482
Stop Loss $0.0610
The 1H chart is losing momentum and price is below the short term averages
But the bigger picture is still extremely volatile after the huge move from around $0.02 so I want the bounce first
If AIN breaks $0.061 and holds above it I’m dropping the short idea
#AIN
I don’t wanna short $0.0528 after the drop because the risk reward is already getting ugly
I will open a short position if AIN pushes back into $0.0550 to $0.0567 and sellers reject that area
Entry around $0.0550 to $0.0567
TP1 $0.0512
TP2 $0.0482
Stop Loss $0.0610
The 1H chart is losing momentum and price is below the short term averages
But the bigger picture is still extremely volatile after the huge move from around $0.02 so I want the bounce first
If AIN breaks $0.061 and holds above it I’m dropping the short idea
#AIN