Short

Trade #3 Short

Updated

4.2.2021 - entry: $40,250 - stop: $$42,000 (4.35%)

should have waited for the $40,000 entry level earmarked in trade #1.

now the hidden bearish divergence is also more pronounced.

Note

given the strong momentum - RSI taking out the 50k high - it is likely that this move is mostly driven by liquidations of shorts that were opened at/bellow 38k

Note

widen stop to $42,600 (5.85%)

Note

stop adjusted before fakeout above $42,000

Trade active

cancelled $42,600 stop limit order and placed above peak at $42,700.

forced price action, likely to trigger stops

Trade closed: stop reached

stopped at $42,700 (6.087%)

Theta-Digital

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