kraken acct $1549 10 short at 216.92 closed below the horizontal support of what appears to be a bull flag not a very large size at the moment.... This isnt the best setup for a short... I Took trade for a few reason. 1) 2 hourly candles closed below bottom of flag support ( I didnt see the breakdown so I added once we got back to bottom and added on the rejection (support became resistance)) 2) we have had what I like to call a slow fade which for the most part ends with a rapid and substantial drop (hard to trade if your not early) 3) the market is looking a little top heavy ( posted about the heaviness of market last night when I closed my ltc trade at the top) or due for a pullback 4) we have a bearish divergence on rsi with rsi making lower high and price making higher high 5) vol divergence as well only on coinbase though
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cleared up the chart a bit it was a little confusing
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short 5 shares at 217.17 short 15 shares at about 217 flat