Potential for dip
Hey guys! Anyone eyeing on $SUNNY OPTICAL(02382.HK$ Prices abiding by a descending trendline and are on bearish momentum. We see the potential for dip from our sell entry at 126.2 which is a graphical overlap. Probably going to short to our Take Profit at 100.8 in line with 61.8% Fibonacci retracement. I'll have my stop loss potentially at 133.90in line with 61.8% Fibonacci projection. Prices are trading below the ichimoku clouds, further supporting our bearish bias.
Entry: 126.2
Take Profit: 100.8
Stop Loss: 100.8
What do yáll think?
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