WOO - Hedge Short
I've been long AF on WOO and expect at least 50%, potentially 2x move from here if we break the resistance with volume, but also starting to build a short position in this area because:
- it's packed with resistance: Downtrend VAH, cluster VAs, untapped daily pivots and TR Extension.
- As per my previous ideas, there are key levels to the downside which will work as a magnet at probably in the next 3 months.
There is a slim chance that I already got front-runne as it hit golden pocket on log scale, but I don't trust golden pocket when trading alts.
I'll stop the trade manually as we'll probably have a daily bearish div we get a daily close above the daily resistance.
- it's packed with resistance: Downtrend VAH, cluster VAs, untapped daily pivots and TR Extension.
- As per my previous ideas, there are key levels to the downside which will work as a magnet at probably in the next 3 months.
There is a slim chance that I already got front-runne as it hit golden pocket on log scale, but I don't trust golden pocket when trading alts.
I'll stop the trade manually as we'll probably have a daily bearish div we get a daily close above the daily resistance.
Order avbruten:
I missed the move, cancelling the idea.
Kommentera:
The upper entry gave the top for now (sorry for that long position covering up the candle.
