$TREE Pumped +23% in 24h, I'm looking for a short from 0.04716
Short setup
Entry: 0.04716
Stop loss: 0.04968
Target: 0.04212
R:R 1:2
TREE pumped 34% from 0.0355 in 5 days, and the move started to run out of steam. Price pushed 0.9% above the old high at 0.04707, printed a new high at 0.04751 and gave it back. It is trading just above 0.04707 now. Taking the short from 0.04716, stop 0.04968, target 0.04212 where the inducement sits. About 1:2. Top gainers move fast both ways, so the stop is not optional.
Not financial advice.
#TREE #FuturesTrading #CryptoSignals
Short setup
Entry: 0.04716
Stop loss: 0.04968
Target: 0.04212
R:R 1:2
TREE pumped 34% from 0.0355 in 5 days, and the move started to run out of steam. Price pushed 0.9% above the old high at 0.04707, printed a new high at 0.04751 and gave it back. It is trading just above 0.04707 now. Taking the short from 0.04716, stop 0.04968, target 0.04212 where the inducement sits. About 1:2. Top gainers move fast both ways, so the stop is not optional.
Not financial advice.
#TREE #FuturesTrading #CryptoSignals