$NFE Breaking down short idea

$NFE Breaking down short idea

Was long NFE looking for the breakout to 55 , now looks to have been the climatic top and an opportunity to short.

A loss of 38 I think we see more downside. Although there are some S/R and demand zones below they don’t appear to be as strong until 27 zone.

Will use 10 MA as stop (close above)

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