$AVGO latest market update 🚀
Long/Short: Short
Entry: 365.8099–368.4501
Stop loss: 369.9169
Targets: 363.7565/360.8230/356.4227
Analysis: At 366.69, the short-term EMA 366.77 is exactly pressing against the long-term EMA 366.85. The death cross is in place, the MACD has also flipped to a death cross and the green light (bearish) is on, and the RSI at 44.7 is neither hot nor cold. Basically, it’s a clear bearish setup—but the move is dragging along like an old constipation case, slow and stubborn. I’ve set the stop loss at 369.9. Whether it breaks or not—fine. Anyway, I’m lying back; if it drops I’ll add a little, and if it rallies I’ll admit the loss. In this market, chasing or killing (buying/selling impulsively) will only get you slapped back and forth. Wait—consider adding only after a break below the previous low. Otherwise, just keep watching quietly. Even if you don’t make money, at least you’ll save on trading fees.
Risk warning: Recommended stop-loss level: 369.916872. Please adjust your position size according to your own risk tolerance.
#AVGO
Long/Short: Short
Entry: 365.8099–368.4501
Stop loss: 369.9169
Targets: 363.7565/360.8230/356.4227
Analysis: At 366.69, the short-term EMA 366.77 is exactly pressing against the long-term EMA 366.85. The death cross is in place, the MACD has also flipped to a death cross and the green light (bearish) is on, and the RSI at 44.7 is neither hot nor cold. Basically, it’s a clear bearish setup—but the move is dragging along like an old constipation case, slow and stubborn. I’ve set the stop loss at 369.9. Whether it breaks or not—fine. Anyway, I’m lying back; if it drops I’ll add a little, and if it rallies I’ll admit the loss. In this market, chasing or killing (buying/selling impulsively) will only get you slapped back and forth. Wait—consider adding only after a break below the previous low. Otherwise, just keep watching quietly. Even if you don’t make money, at least you’ll save on trading fees.
Risk warning: Recommended stop-loss level: 369.916872. Please adjust your position size according to your own risk tolerance.
#AVGO