$TA Pumped +12% in 24h, I'm looking for a short from 0.05637
I have 0.04981 marked as the inducement from a 44% retrace. That break of 0.05628 was small (1.8%), a quick poke and a sell-off from 0.05732. Looks like a failed breakout to me. Taking the short from 0.05637, stop 0.05965, target 0.04981 where the inducement sits. About 1:2. One setup, not a promise.
🔴 Short
Entry zone 0.05637 | SL 0.05965 | Target 0.04981
#TA #FuturesTrading #Altcoins
I have 0.04981 marked as the inducement from a 44% retrace. That break of 0.05628 was small (1.8%), a quick poke and a sell-off from 0.05732. Looks like a failed breakout to me. Taking the short from 0.05637, stop 0.05965, target 0.04981 where the inducement sits. About 1:2. One setup, not a promise.
🔴 Short
Entry zone 0.05637 | SL 0.05965 | Target 0.04981
#TA #FuturesTrading #Altcoins