I have set an order open a short today on MDB. Friday's price broke DC20 and is below MA20 (recently broke) on daily. RSI is bearish. Weekly closed below DC20.
TP TBD - major supports at 95.3, 62.3, 32.35 or by using trailing stop to be driven by DC20 on daily (if prices closes above DC20). The same applies for SL.
RSI is bearish.
Thank you for the likes and comments and please trade carefully and with money you can afford to lose!
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I have put an SL now at 139.5 and waiting for the market open. If it hits SL - that will be okay. IF not and price reverses in favor I will monitor further. All criteria have been met according to my strategy - daily price closed above DC20, MA50, MA200. The likelihood to be stopped-out is now high so that is the reason for setting now a close SL not to further increase losses significantly.