BALUSDT : Short opportunity with good risk:reward
Balancer is again at the secondary lower trend line of resistance. Bitcoin also seems to be week on the 4h time frame, there is high probability of getting a rejection here and show some correction.
Also, the risk reward is also in our favor, I'm opening a futures trade for this short and hoping to either get stop loss or Target hit by tomorrow.
Please, leave a like if you like the analysis.
Also, the risk reward is also in our favor, I'm opening a futures trade for this short and hoping to either get stop loss or Target hit by tomorrow.
Please, leave a like if you like the analysis.
Trade active
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.