Amazon.comShort
$AMZN - BEARISH SCENARIO
With Amazon this could perhaps mean to let a build up form near the support zone it is trading in ...
Wait for a trigger. Which could be a strong breakdown of that resistance level. Go short on the next candle, and take profit at the upcoming support level or just trail.
SLoss above current support level ( I like to give it some buffer and simultaneously keep a natural target that provides me with a meaty target profit). RIsk management is paramount though! There's literally nothing more important than this. At least to me?
Wait for a trigger. Which could be a strong breakdown of that resistance level. Go short on the next candle, and take profit at the upcoming support level or just trail.
SLoss above current support level ( I like to give it some buffer and simultaneously keep a natural target that provides me with a meaty target profit). RIsk management is paramount though! There's literally nothing more important than this. At least to me?
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