Again, we are going to sell BCH at the level, but we use a reasonable stop loss.
Why is this setup is interesting to me even when the market is pumping at the moment?
1. There is a resistance at micro level
2. A possible breakdown of the trendline
3. Bearish candle formation
I will open short right away, and be patient!
NB: If my trade should hit SL, that would be a bullish confirmation for
BCHUSDT and I will definitely enjoy the ride.
What are your thoughts about this analysis? Let me know in the comment box.
If this analysis makes sense to you, follow me now and support my idea.
Why is this setup is interesting to me even when the market is pumping at the moment?
1. There is a resistance at micro level
2. A possible breakdown of the trendline
3. Bearish candle formation
I will open short right away, and be patient!
NB: If my trade should hit SL, that would be a bullish confirmation for
BCHUSDT and I will definitely enjoy the ride.What are your thoughts about this analysis? Let me know in the comment box.
If this analysis makes sense to you, follow me now and support my idea.
Trade active
Let us see how far we can go on this...
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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.
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.