The weekly candle is very bearish. The MACD histogram formed the 1st bar below zero. Weekly ending at 25695. The market may continue to move downwards if we broke the support point and stay below 25600.
MA9 and MA16 lines crossing downwards and confirmed on 24th February 2020. TKM v1.2 had placed Short entry on 24th February 2020, the open price 27927 and took profit on 28th February 2020 at 25600. This trade is fast and within a week, it bagged us 2327 points of profit! Looking at the weekly range from top to lowest, it is 4300.5 points price movement, considering our profit, we are definitely doing well by catching more than 50% of this sudden drop!
Order status: Short 27927, Took profit 25600.