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After the breakdown of the local counter-trend asset tested the trend one again, there is a chance to rebound to the $0.5552 zone
I put a short stop on the trade just below the countertrend line. It can again go to retest the trend line with a false breakout.
You can wait for another test and place a stop there for the countertrend one, I think the asset is now a little overbought and it needs to cool down, return to the retest, just don’t rule out the fact that they can be demolished by a false breakdown of the stop and taken up, so be careful with the stops!
After the breakdown of the local counter-trend asset tested the trend one again, there is a chance to rebound to the $0.5552 zone
I put a short stop on the trade just below the countertrend line. It can again go to retest the trend line with a false breakout.
You can wait for another test and place a stop there for the countertrend one, I think the asset is now a little overbought and it needs to cool down, return to the retest, just don’t rule out the fact that they can be demolished by a false breakdown of the stop and taken up, so be careful with the stops!
