$CLANKER EXHAUSTION SPIKE: SHORTING THE NEWS PUMP 🩸

First time breaking down tokenbot on the 4H chart. The asset just went absolutely vertical, ripping 48% straight to 16.67 on the back of that CEO news headline. However, the chart is screaming overextension. Price is wildly detached from the MA5 (14.44) and completely miles above the MA20 (12.30). The news is already priced in, and the current candle is starting to show hesitation at the highs. I'm taking a contrarian stance here to fade this FOMO and catch the inevitable pullback to the moving averages.

Trading Ideas Short $CLANKER

Entry: 16.00 - 16.50

SL: 17.20

TP1: 14.44 (MA5)

TP2: 12.84 (MA10)

TP3: 12.30 (MA20)

trade $CLANKER here :👇#Bitcoin midterm election pattern #AMD reports Q3 earnings