People - Update of idea that gave 1:10

27 giu 2022

https://www.tradingview.com/chart/PEOPLEUSDT/koAh85Q1-People-You-need-to-see-this-trendline/

Last time we longed People and earned good profit. Now price is squeezing to support and I will short it.

Reasons to take short:
⭐️ Today BTC futures exprire, I expect trend reversal for BTC
⭐️ Trendline 15 days long
⭐️ Trendline is clean
⭐️ Price is squeezing to the trendline
⭐️ 6th touch
⭐️ 30 ATR
⭐️ Under VWAP

Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%

Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum


What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊

P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones