rising wedge reversal pattern

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

Trade aktif:

cleared up the chart a bit it was a little confusing

Trade aktif:

short 5 shares at 217.17
short 15 shares at about 217 flat

Trade aktif:

added 5 shares short at 216.76

Trade aktif:

closed 10 shares at 214.05

Trade aktif:

closed 2.5 shares 212.82
still have 8.1 shares

Trading ditutup: target tercapai:

closed last 8.1 shares at 213.60

Komentar:

acct increased by 3.1%
profit $48.15