ROOT - Only Goes Down
More of an educational quickie this one.
ROOT is another name that endlessly traps longs, never gets above significant fibs and just goes down and down some more.
But these circled upside pops can be quite good for shorting and an easy ride down.
The gap up shows weakness and on a chart like this there is a very good chance price will collapse back down after a brief pop.
Then waiting for the star shaped candle to close open a short - SL above the top.
Not advice.
ROOT is another name that endlessly traps longs, never gets above significant fibs and just goes down and down some more.
But these circled upside pops can be quite good for shorting and an easy ride down.
The gap up shows weakness and on a chart like this there is a very good chance price will collapse back down after a brief pop.
Then waiting for the star shaped candle to close open a short - SL above the top.
Not advice.
I'm taking it easy on TradingView👋🏻.
But I run a group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
But I run a group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I'm taking it easy on TradingView👋🏻.
But I run a group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
But I run a group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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