COCA SHORT 11/08/24
Trend Analysys
Chart patern
2024-08-11T23:02:56+00:00
Dear Team,
I hope everyone had a pleasant weekend. Let’s refocus on our trading activities.
Currently, the RSI is alarmingly high, indicating a probable decline in the coming days. Beyond technical indicators, our reliable information source forecasts a notable drawdown tomorrow.
We've marked a red line to denote the suggested stop-loss point. It is clear that tomorrow presents an opportunity to recover from Friday's setback, for which we apologize.
Therefore, I recommend an all-in short position for tomorrow. We will reconvene for a debrief later.
Best regards.
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