Taking into account the current bearish nature of the market,most of the times those assets that tend to pump hugely without any logical reason except pump and dump scenarios, tend to crash the hardest as well.
I believe this asset is a strong candidate for this type of trading.
Key points:
Type of Trade : Short
Stop loss - 35- 32% movement Take profit - 18 - 32% movement Take profit - 10 - 63% movement
Capital used - 1% of the account for stop loss making a 1 - 2 profit factor trade in case of winning
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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.