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$FOLKS Entry Short Position
Sell/Short: 1,404
TP 1: 1,386
TP 2: 1,356
SL: 1,417
Explanation
Looking at the 1H timeframe, the price action has broken through the trendline, likely indicating a shift in market direction towards a downtrend or sideways movement for the foreseeable future. Next, check out the second image on the 5m timeframe where the market price is currently at the nearest resistance, hence I'm taking a short position while waiting for the market to drop to the nearest support. #signalsfutures #SignalTrading
Sell/Short: 1,404
TP 1: 1,386
TP 2: 1,356
SL: 1,417
Explanation
Looking at the 1H timeframe, the price action has broken through the trendline, likely indicating a shift in market direction towards a downtrend or sideways movement for the foreseeable future. Next, check out the second image on the 5m timeframe where the market price is currently at the nearest resistance, hence I'm taking a short position while waiting for the market to drop to the nearest support. #signalsfutures #SignalTrading
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