Short

BITMEX EOSM19 Short @ 0.0008900

Aktualisiert
Ichimoku Cloud 5m, 15m, 30m, 45m showing a bearish trend.
We will hop on the train and sell short @ 0.0008900

Stop loss @ 0.0008950

Take profit at 0.0008850, 0.0008800 and 0.0008700.

With the ichomoku Kumo (cloud) being bearish, we can see that the bearish trend has nearly fully developed. Although not possible to catch the beginning on the trend since it's trading within the cloud, it is more to wait till the trend is confirmed.
We use the Chinkou Span to confirm whether the trend is fully formed. That happens when the light blue line crosses under the price.

Holding period 12 hours.
Anmerkung
Position exited at 0.0008800, 0.0008700.

Went long @ 0.0008700
bitmexEOSshortsetupTrend Analysis

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