FTMUSD Rising Wedge Break

Aug 15, 2022

BINANCE:FTMUSD

• Volume profiles show resistance could not be broken
  
• Rising Downward Velocity
  
• MACD Signal Down
  
• Weis Wave Volume decreasing
  
• Over extended rising wedge break abt 75% vs 64%
  

Price Objective back to longer term trend line.

Aug 17, 2022

Trade active

Full disclosure: I entered a 5x short @ $0.3828 on 8/15

Aug 19, 2022

Note

Still in my short position

Aug 20, 2022

Trade closed manually

I have closed my trade manually. This one is a little different. I compounded my profit back into my short position and made an additional $15. The overall profit on the total trade was $81. I started with $296 and was returned $377.

Aug 20, 2022

Note

I closed my positions because bitty is dancing around a trend line, and I decided it was a good point to take profit. If downtrend continues and seems rewarding, I may reopen my short, but further confirmation is required.