EOSZ19 Short - Butterfly Pattern, slight bearish divergence

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Shorting EOSZ19, price reached overbought levels, facing resistance, fib kill zone reached and a slight bearish divergence on the daily. Targeting 618 fib level for a first partial profit.

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ملاحظة

Addded confluence:

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ملاحظة

4H printed a shooting star candle which makes me increasing my position.

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تم فتح الصفقة

Sometimes it is good to switch to a line chart to see things clearer:

We broke out of the rising wedge south, dropped nicely to the 0.236 fib level. Price might rest here for a well to continue to the 0.382 level, where I am going to take partial profits and move my stop to entry. My final target will be the 0.618 level, which is confluent with the new support 0.0364. Depending on the price action and the oscillators I might flip to a long here.

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ملاحظة

0.382 misssed by a few sats. Price should continue to dump imo.

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ملاحظة

small retracement now, still positive on this one.

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أغلقت الصفقة: تم الوصول للهدف

Massive gains here. Trade closed.