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Short
Updated

Bitcoin Cash ABC Short Setup

99
Zones are identified. Recommend moving stoploss to entry after tp1.
You should also consider to stop this trade if a breakout occurs on the downtrend line.
BCHM19 futures contract can be traded according to this trade setup.
Note
The marked double bottom can also be used as a target because we can see that the momentum is decreased after the waterfall from 0.054 to 0.04955.
Note
snapshot

The zone betweeen the Fibonacci level 0.618 and 0.65 is a strong support. We are now testing it.
Trade active
TP1 hit
Trade closed manually
Trade was closed at breakeven stop.
Neo_61
bchabcBCHABCBTCBCHBTCBitcoin (Cryptocurrency)bitcoincashSupply and DemandSupport and ResistanceTrend Lines

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
bchabcBCHABCBTCBCHBTCBitcoin (Cryptocurrency)bitcoincashSupply and DemandSupport and ResistanceTrend Lines
Neo_61

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.