🎯 How to Trade Rejections Like a Pro! $GENIUS Short Working Perfectly 📉
When everyone else was catching FOMO near the absolute top, technical indicators were screaming a overbought correction.
Take a close look at my 1-hour chart breakdown:
The Strategy: I spotted a heavy resistance rejection after $GENIUS hit its high of $0.6920.
The Execution: Executed a precise Short position at $0.6307 (marked by the red 'S' on the chart).
The Result: The price broke down below the 1H EMA(7) and plummeted straight to $0.5907, pulling in some clean profits! 💸
What's Next?
The red arrow clearly shows the downward momentum. I am holding my position with a trailing stop-loss to protect my gains. My next major targets are sitting around the EMA(25) and EMA(99) key support lines shown on the chart.
Always remember: Trade the trend and look at the charts, not the hype!
👇 Did you ride this dump with me, or are you still holding longs? Let's discuss below!
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