BNB - BEAUTIFUL OPPORTUNITY TO SHORT iT

TRADE::BNB_1
STATUS:: PLACED

TYPE:: SHORT
SIGNAL:: MFI
FILTER:: PRICE ACTION

VOLUME:: $2100
ENTRY:: 29.74
TP:: 13%
SL:: 1.68%
RRR::8
RISK:: $36
REWARD::$200

PROS::
1.BTC TOPPED OUT FOR SOME PERIOD IF TIME, MAY BE iT THE BEST MOMENTUM FOR MARKET MAKER TO SLAUGHTER ALTCOiNTS TO BUY THE BOTTOM
2.OBV TOPPED OUT NEAR THAT LEVEL
3.GREAT PATTERN WITH A LINEAR SUPPORT
4. I WAS GOiNG TO SHORT BNB A WEEK AGO BUT DiDN'T ENTER A TRADE, PROBABLY FOR A GOOD REASON, BECAUSE NOW iT'S THE TIME
5. 13% iS A 0.618 FIB LEVEL FOR THE PREVIOUS MOVE

CONS::
1.MAY BE WE WON'T SEE A 13% CORRECTiON AND IT WILL BE JUST A DIP


OVERALL:: BEAUTIFUL SETUP TO TRADE, I LOVE THAT, CAUSE IT'S CLEAR WHERE TO ENTER AND WHERE TO PUT YOUR STOP LOSS