Short

Football/USDT

After long vocations I am back and feeling fresh. I will try my best to update the charts on daily basis. Anyway Football is moving within Symmetrical Triangle and reject 580 area. Right now its trying to hold its last main support of 565 and if it holds it then most probably it will move more up to its main resistance of 618. If you have notice that from last few days most of the alt coins were pumped but football did not move much and its moving with bitcoin. If it did not hold its last support of 565 then it can retest 400 again. Football is moving within range of 500 - 600 from last three weeks with low volume.

At the moment we need to see its first strong resistance of 618 very closely and if it breaks then short term bullish for this coin. I think there will could be a chance that buyers will show some interest in this coin later on for quick earning and if not then hope for new low again.

In long time frame its looking bearish to me and hoping for new low. There will be volatility in this week because of Fed Chair Powell Speaks and CPI Data at Jan 12. I think there will be some upward movement for account liquidation and after that it will be dumped or may be it will not go up and directly move to down.

Now my last target for football is 150 but it doesn't mean invest blindly because it can move an other way. I am still short for this coin and will wait for more up to add more shorts. By thy way I am still holding my big short from 1360 and will wait for more down till the end of this month.

Note
Please never follow anyone blindly and always remember following key points:

1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future

Thank you and Good Luck!
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