$AAVE SHORT OPPORTUNITY. HARMONIC PATTERN IN PLAY
Hello traders and speculators!
We have very nice setup not only on AAVE but on BTC & ETH as well. This means that the sell-off would be broad.
Invalidation level - clean break above $321.
Have a look at MACD (Momentum indicator) on daily as well. We have these "bumps" in momentum that are short-live and continues the trend - lower.
We haven't made real higher high on this move. It's most likely a deviation which will be confirmed once we break $304.
Short entries - $315 (Medium risk). Below $305 - low risk. Stop loss - above $327
Risk/Reward 5:1 with $315 entry.
Risk/Reward 4:1 with $305 entry
We have very nice setup not only on AAVE but on BTC & ETH as well. This means that the sell-off would be broad.
Invalidation level - clean break above $321.
Have a look at MACD (Momentum indicator) on daily as well. We have these "bumps" in momentum that are short-live and continues the trend - lower.
We haven't made real higher high on this move. It's most likely a deviation which will be confirmed once we break $304.
Short entries - $315 (Medium risk). Below $305 - low risk. Stop loss - above $327
Risk/Reward 5:1 with $315 entry.
Risk/Reward 4:1 with $305 entry
ملاحظة
Be cautios. Set up a trailing stop if you entered the short.We might slowly climb back above that 304 S/R zone, did not sell of with confidence, we need more time to digest what's next
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.