Bitcoin Cash ABC Short Setup
Updated
Zones are identified. Recommend moving stoploss to entry after tp1.
You should also consider to stop this trade if a breakout occurs on the downtrend line.
BCHM19 futures contract can be traded according to this trade setup.
You should also consider to stop this trade if a breakout occurs on the downtrend line.
BCHM19 futures contract can be traded according to this trade setup.
Note
The marked double bottom can also be used as a target because we can see that the momentum is decreased after the waterfall from 0.054 to 0.04955.Note
The zone betweeen the Fibonacci level 0.618 and 0.65 is a strong support. We are now testing it.
Trade active
TP1 hitTrade closed manually
Trade was closed at breakeven stop.
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