2:1 short trade idea for Loopring
Decent 2:1 short odds for LRC, which has just broken through (1) super-trend and (2) support line, also (3) 20x50 EMA cross-over to the downside. Price-volume weighted average (MFI) and OBV also just broke down.
#3 would've been the optimal short point, but confluence of all (1)(2)(3) is a much safer entry. Don't forget to set your stops automatically when dealing with futures (take yourself out of the equation).
Note- This is for intra day trading only, watch carefully over 4-16 hours period. Longer horizon this stock is still bullish.
#3 would've been the optimal short point, but confluence of all (1)(2)(3) is a much safer entry. Don't forget to set your stops automatically when dealing with futures (take yourself out of the equation).
Note- This is for intra day trading only, watch carefully over 4-16 hours period. Longer horizon this stock is still bullish.
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