Potential selling opportunities

2022년 8월 8일

M formation created at the resistance area, sellers are getting ready to take the price lower to confirm a 3rd touch on a 4 hour timeframe grey rectangle. At the break of neckline of M formation looking to sell from there and possible adding more sell position as the price goes further lower. Let the price come to us before we react on sells.
Red stich represents 1% risk lose and green for profit margin about 15% but cannot hold that much.