SI - Crypto Short in the Equity Markets

16 Haz 2022

Silvergate Capital formed a Head & Shoulders topping pattern and is currently trading near critical support. We have a long way down if this breaks - plan to initiate my short position below $56.15 and scale into a full short if I see a retest and breakdown at the same level. Alternatively, if we see a countertrend rally into the 21 EMA or 50/200 SMA followed by stalling action, that is another way for me to start a short position.