Idea: Short
Horizon: 1-3 weeks
Target 1: 367,44
Target 2: 342,40
Target 3: 317,84
Potential of the idea: 70%
Technical analysis
After a good report, the asset showed a growth of 35%. On May 30th, a pin bar was formed on the daily time frame, and a large gap formed below us. We will close it soon. Another argument for the start of the correction is that the RSI indicator is in the overbought zone and divergence has formed. The optimal point for searching for an entry into a short position is the zone of testing the shadow of the pin bar.
After reaching Target 1, we advise moving the stop-loss to breakeven.
You can only enter after confirmation on younger time frames.
Horizon: 1-3 weeks
Target 1: 367,44
Target 2: 342,40
Target 3: 317,84
Potential of the idea: 70%
Technical analysis
After a good report, the asset showed a growth of 35%. On May 30th, a pin bar was formed on the daily time frame, and a large gap formed below us. We will close it soon. Another argument for the start of the correction is that the RSI indicator is in the overbought zone and divergence has formed. The optimal point for searching for an entry into a short position is the zone of testing the shadow of the pin bar.
After reaching Target 1, we advise moving the stop-loss to breakeven.
You can only enter after confirmation on younger time frames.