Shorting Meituan?
Hey guys, let me know what you think about shorting $MEITUAN-W(03690.HK$
My entry to short is at 263. That's where the 50% Fibonacci retracement, resistance for the ichimoku and the graphical overlap resistance lines up. I'll take profit at the next support at 231 or even lower at 226 where the 61.8% Fibonacci retracement is and have my SL at 286 in line with the 78.6% Fibonacci retracement.
Entry: 263![]()
Take Profit: 226![]()
Stop Loss: 286![]()
$Meituan 5xShortSG231214(DARW.SG$
$Meituan 5xLongSG220808(DMGW.SG$
My entry to short is at 263. That's where the 50% Fibonacci retracement, resistance for the ichimoku and the graphical overlap resistance lines up. I'll take profit at the next support at 231 or even lower at 226 where the 61.8% Fibonacci retracement is and have my SL at 286 in line with the 78.6% Fibonacci retracement.
Entry: 263
Take Profit: 226
Stop Loss: 286
$Meituan 5xShortSG231214(DARW.SG$
$Meituan 5xLongSG220808(DMGW.SG$
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